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Fortune

Sharon Goldman

Exclusive: Scale AI secures $1B funding at $14B valuation as its CEO predicts big revenue growth and profitability by year-end

SCALE Alexandr Wang Scale AI United States Lucy Guo OpenAI Anthropic Y Combinator

Scale AI has landed $1 billion in new funding that values the buzzy six-year-old startup at $14 billion, placing it in an exclusive club of companies that have been able to surf the generative AI wave to such a high valuation.

Existing investor Accel led the Series F round, announced on Tuesday, with participation from other returning investors including Wellington Management, Y Combinator, Spark Capital, Founders Fund, Greenoaks and Tiger Global Management. New investors include DFJ Growth, Elad Gil, Amazon, ServiceNow Ventures, Intel Capital and AMD Ventures.

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