Source: Accel, which owns 18.5% of Scale AI after investing a total of ~$350M, expects to gain over $2.5B from Meta's $14.3B investment in the startup
Possibly The Biggest Private AI Deal This Year Scale AI : Scale AI Announces Next Phase of Company's Evolution Julie Bort / TechCrunch : New details emerge on Meta's $14.3B deal for Scale Daniel Levine / Accel : The Next Phase for Scale Kuldeep Jha / Verdict : Meta invests in Scale AI and appoints founder to lead AI unit Kimberley Kao / MarketWatch : Scale AI Gets Meta Investment That Values It at More Than $29 Billion X: @accel : We've been fortunate to partner with @alexandr_wang and the @Scale_AI team since the days when they were working out of @daniel_levine's basement. Thanks for bringing us along for the ride, and here's to what's next. 🚀 Read more about Scale, Meta, and our continued partnership [video] Daniel Levine / @daniel_levine : Thank you @alexandr_wang Everett Randle / @everettrandle : Dan Levine doing the Scale A at 28 is 🐐 stuff no way around it Garry Tan / @garrytan : The top VCs are storytelling and I am so here for this!