Scale Secures $1B in Series F Funding led by Accel
May 21st, 2024Funding
-
Scale closed a $1B financing transaction at a $13.8B valuation led by Accel.
-
Existing investors like Y Combinator, Nat Friedman, and NVIDIA participated alongside new investors like Cisco Investments and Amazon.
-
Scale has powered breakthroughs in L4 autonomy, public sector AI programs, and reinforcement learning techniques.
-
The company aims to address data scarcity in AI by focusing on data abundance, frontier data, and measurement and evaluation principles.
-
With this funding, Scale plans to accelerate the abundance of frontier data towards achieving AGI.