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Scale raises $1B

By TechTaffy Desk

San Francisco-based data foundry startup Scale has raised $1 billion in a Series F financing round, pegging the company at a $13.8 billion valuation.

The funding in Scale was led by existing investor Accel, with participation from Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management. New investors Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta also participated in the Series F round.

Scale was founded in 2016 by CEO Alexandr Wang while he was studying AI at MIT. The company supplies data to AI models from OpenAI, Microsoft, and Meta according to Mr. Wang.

You can find the blog post from Scale chief executive Alexandr Wang talking about the funding here.

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