Snorkel AI triples valuation to $3.5B as demand for AI training data booms
Snorkel AI, a startup that helps AI labs and corporations build training datasets and simulated environments, has raised a $350 million Series E at a $3.5 billion valuation. The new round, which was led by Insight Partners and S32, valued the seven-year-old startup at nearly triple the $1.3 billion valuation it garnered when it raised $100 million in a Series D 17 months ago. Existing investors, including Addition, Lightspeed, Greylock, GV, and Wells Fargo, also participated in the round.
Snorkel AI, a startup that helps AI labs and corporations build training datasets and simulated environments, has raised a $350 million Series E at a $3.5 billion valuation. The new round, which was led by Insight Partners and S32, valued the seven-year-old startup at nearly triple the $1.3 billion valuation it garnered when it raised $100 million in a Series D 17 months ago. Existing investors, including Addition, Lightspeed, Greylock, GV, and Wells Fargo, also participated in the round. While Snorkel originally provided software for data-labeling automation, it shifted last year to…