Snorkel AI raises $350 million, valuation hits $3.5 billion
Snorkel AI, which helps companies build datasets to train artificial intelligence, just brought in $350 million at a $3.5 billion valuation—up from $1.3 billion only 17 months ago. The rush comes as AI labs need more complex data. Snorkel started with labeling tools but now sells whole, finished datasets, using both human experts and its own AI. Its reported annualized revenue run-rate hit $375 million, an 18-fold rise in a year.
- Snorkel AI raised $350 million, led by Insight Partners and S32
- Valuation now $3.5 billion, triple last year's figure
- Shifted from labeling tools to selling finished AI datasets
- Annualized revenue run-rate up to $375 million
- Company now pairs human specialists with AI agents
Sources covering this
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