Scale AI’s Bigger Rival Surge AI Seeks up to $1 Billion Capital Raise, Sources Say

Scale AI’s bigger rival Surge AI seeks up to $1 billion capital raise, sources say

Surge AI, a data-labelling firm that competes with Scale AI, has hired advisors to raise funding, sources told Reuters.

Surge AI, rival of Scale AI, pursues $1B in first capital raise: report

Surge AI seeks $1B at $15B+ valuation in first-ever raise as Scale AI loses customers and CEO to Meta - Tech Startups

Surge AI is raising its first-ever round of funding—and it’s swinging big. The data-labeling AI startup, known for staying quiet while racking up serious revenue, is now in talks to raise up to $1 billion, according to an exclusive report […] The post Surge AI seeks $1B at $15B+ valuation in first-ever raise as Scale AI loses customers and CEO to Meta first appeared on Tech Startups.

Exclusive-Scale AI's Bigger Rival Surge AI Seeks up to $1 Billion ...

Surge AI plans to raise $1bn in first-ever funding round at $15bn valuation

Surge AI is reportedly in the process of raising up to $1bn in its first capital raising initiative, targeting a valuation that exceeds $15bn.

Scale AI asserts independence despite Meta’s $14.3B stake

Jason Droege, the newly appointed CEO of Scale AI, emphasized that the data-labeling firm continues to operate independently from Meta Platforms Inc., despite the company’s recent acquisition of a 49% stake. He also said the company planned to expand its business as well. In one of his first interviews since becoming interim CEO in mid-June, Droege explained that Meta, a Scale customer since 2019, will not get preferential treatment despite inve…