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Scale AI: Raises $155M in Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Scale AI: Raises $155M in Funding

By Steve Sam

December 2, 2020

Scale AI, a San Francisco, California-based data platform for AI, raised $155M in new funding
The round, led by Tiger Global, closed at a valuation of over $3.5B post-money
The company also plans to use the funds to accelerate the development of its AI platform and develop new products to serve its customers
Scale also announced the acquisition of Helia AI, a 3-person AI startup that brings deep experience in computer vision and neural network training infrastructure
Scale accelerates the development of AI applications by helping machine learning teams generate high-quality ground data
The company founded by Alexandr Wang, an MIT college dropout, national programming competitor, and former engineering lead at Quora