FUNDING · STARTUPS · #820
Snorkel AI raises $350M Series E at $3.5B valuation
Snorkel AI raised $350 million in a Series E led by Insight Partners and S32, valuing the company at $3.5 billion — nearly triple its $1.3 billion valuation 17 months earlier. The seven-year-old startup has shifted from labeling software to selling completed datasets and reinforcement-learning environments as data-as-a-service and reports a $375 million annualized revenue run-rate, an 18-fold increase over the past 12 months.
KEY POINTS
- Snorkel AI raised $350 million in a Series E led by Insight Partners and S32, valuing the company at $3.5 billion — nearly triple its $1.3 billion valuation 17 months earlier.
- The seven-year-old startup has shifted from labeling software to selling completed datasets and reinforcement-learning environments as data-as-a-service and reports a $375 million annualized revenue run-rate, an 18-fold increase over the past 12 months.
- The raise, valuation jump, and rapid revenue growth highlight booming commercial demand and investor appetite for high-end AI training data and data-as-a-service models.
WHY IT MATTERS
The raise, valuation jump, and rapid revenue growth highlight booming commercial demand and investor appetite for high-end AI training data and data-as-a-service models.