Tech unicorn Scale AI raises $100mn in Series C funding
The company’s Series C funding round was led b...
San Francisco AI and machine learning startup Scale AI has announced the raising of $100mn of funding.
The company’s Series C funding round was led by venture capitalists Founders Fund, with the support of Accel, Coatue Management, Index Ventures, Spark Capital, Thrive Capital, Kevin Systrom, Mike Krieger and Adam d’Angelo. That investment values the business at more than $1bn, making it the latest tech Unicorn.
In a blog post, Scale’s 22 year old CEO Alexandr Wang hailed the company’s meteoric rise in the past three years and set out his philosophy that AI development represents a fundamental shift from traditional software, owing to the importance of data over code. Dropping out of the Massachusetts Institute of Technology, Wang previously worked at Quora before founding Scale in 2016.
Scale specialises in providing labelled datasets, critical to the construction of machine learning models. Developers send raw data to the company via its API, and Scale then uses a mixture of machine learning and manual labour to label and then return the data, opening up machine learning to a wider audience of companies.
Scale’s clients include the likes of Waymo, OpenAI, Nuro and Lyft, with its training data being used across a wide variety of industries with machine learning opportunities. These include autonomous vehicles, language processing, mapping and robotics.
Searching for the Top 100 Leaders in Technology
The search is on for the Top 100 Leaders in Technology 2021 – nominated by readers of Technology magazine and open to all.
The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Technology and AI LIVE running 14-16 September, beamed from London to the world.
This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.
The Top 100 Leaders follows on from the well-received Top 100 Women in Technology that BizClik Media Group (BMG) – publishers of Technology magazine, AI magazine and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day.
“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about technology and embracing best practice that’s good for business.”
Nominations are already coming in, with some notable highlights including:
Rhonda Vetere - Herbalife
Bryan Smith - Expedient
Nominate your Top 100 Leader HERE
The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.