Scale AI

Meta acquired a 49% nonvoting stake in Scale AI for $14.8B and hired CEO Alex Wang as part of the deal. Prior to the deal, Scale AI had raised $1.6B to date in 7 rounds; last round (Series F) of $1B in May 2024 raised post valuation to $14B; key investors included: Accel, AMD Ventures, Amazon, Cisco Investments, Coatue, DFJ Growth Fund, among others.

Developer of a data-oriented platform designed to provide training and validation data for AI applications; the company's platform offers a data-centric, end-to-end service to manage the entire machine learning lifecycle by combining technology to develop complex datasets, enabling clients to accelerate the development of artificial intelligence applications through ground truth data