Scale AI Raises $1 Billion, Doubling Valuation to $13.8 Billion

The data-labeling startup secures significant funding from Accel, Amazon, Meta, and others to advance AI capabilities.

Scale AI's valuation nearly doubles from $7.3 billion in 2021 to $13.8 billion.
The funding round includes major investors like Nvidia, Intel, and Cisco.
CEO Alexandr Wang aims to build a 'data foundry' for AI, targeting artificial general intelligence.
Scale AI has contracts with the U.S. Department of Defense and partners with leading tech firms.
The company plans to use the funds to enhance data capabilities and expand globally.