2025-07-01
Reuters
Sources: data labeling company Surge AI aims to raise up to $1B, targeting a $15B+ valuation; Surge AI had $1B+ in 2024 revenue, vs. Scale AI's reported $870M
Surge AI, a data-labeling firm that competes with Scale AI, has hired advisors to raise as much as $1 billion in the first capital raising …
2025-06-13
Bloomberg
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Meta announces a $14.3B investment in Scale AI and hires CEO Alexandr Wang to help oversee its AI efforts; source: Scale AI's post-money valuation is $29B
Meta said Thursday that it has backed Scale, without including details. The size of the investment was $14.3 billion, according to a person familiar with the matter.
2024-07-09
The Information
How Scale AI's $13.8B valuation from May 2024's $1B funding round is almost certainly too high, given below-average margins, a reliance on few clients, and more
Cory Weinberg / The Information : Threads: @paul_rietschka . X: @coryweinberg and @coryweinberg Threads: Paul Rietschka / @paul_rietschka : This company with its high school graduate CEO is absolutel...
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