Snorkel AI hits $3.5B valuation on AI data boom
snorkel ai raises $350m series e at $3.5b valuation as demand for ai training data surges. ai labs and corporations are driving growth.
snorkel ai, a seven-year-old startup, raised $350m series e at a $3.5b valuation, nearly triple its $1.3b valuation from 17 months ago. the company provides ai training data sets and simulated environments, shifting from software for data labeling automation to completed data sets. snorkel's revenue run-rate stands at $375m, fueled by ai labs' demand for high-end training data. the company's growth is significant in the ai data market, where other companies like mercor, handshake, and micro1 have also seen substantial growth.