Scale AI Secures $325 Million in Series E Funding

A substantial $325 million Series E funding round was recently announced by Scale AI. The investment was spearheaded by Dragoneer, Greenoaks Capital, and Tiger Global.

This financing has resulted in a $7 billion valuation for the San Francisco-based data labeling company.

Company Origins and Growth

Scale AI was established in 2016 by Alexandr Wang, while he was still a student at MIT.

Prior to founding the company, Wang gained experience at both Quora and Addepar. He initially conceived Scale AI to provide curated data specifically for artificial intelligence applications.

Currently, the company operates at the break-even point and boasts a diverse clientele. Notable clients include General Motors, Nvidia, Nuro, and Zoox.

Future Plans and Expansion

With significant venture capital backing, Scale AI intends to substantially increase its workforce. This expansion will support the development of new products and entry into new markets.

“The past year demonstrated that AI will have applications across numerous sectors,” Wang explained in a recent TechCrunch interview. “We are at a nascent stage, and we aim to be well-prepared for future developments.”

TC Sessions: Mobility Appearance

Alexandr Wang will be a featured speaker at TC Sessions: Mobility on June 9th. He will discuss the company’s impact on the industry over its four years of operation.

The discussion will also cover the role of AI in transportation and the future outlook for Scale AI.

Additional Speakers and Topics at TC Sessions: Mobility 2021

TC Sessions: Mobility 2021 will include a comprehensive program featuring presentations, fireside chats, and breakout sessions.

The event will focus on the current and future state of mobility, including areas like EVs, micromobility, and smart cities, as well as related investment trends.

Industry Experts to Share Insights

The speaker lineup includes prominent investors such as Clara Brenner (Urban Innovation Fund), Quin Garcia (Autotech Ventures), and Rachel Holt (Construct Capital).

These experts will offer valuable insights and guidance, particularly addressing the challenges faced by startup founders in the transportation sector.

Featured CEO: Ahti Heinla of Starship Technologies

Ahti Heinla, CEO of Starship Technologies, will also be presenting. His company is actively testing delivery robots in real-world environments.

His discussion will cover the hurdles involved in robotic delivery, from technological challenges to regulatory issues, and the potential for mainstream adoption.

Early Bird Ticket Offer

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