Snorkel AI Raises $350 Million at $3.5 Billion Valuation After 18x Growth

Startups28 days ago

Annual recurring revenue at Snorkel AI topped $375 million, marking an increase in demand for training data used by frontier AI labs. The company secured $350 million in fresh funding to develop a frontier data lab, with the round co-led by Insight Partners and S32 and participation from existing investor Addition.

The latest investment values the startup at $3.5 billion, CEO Alex Ratner told Reuters. Revenue grew more than 18x in less than a year, prompting contributions from GV, Lightspeed, Greylock, and Wells Fargo to support the delivery of simulated environments and complex datasets for AI models.

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38%Enterprise AI Breakout+0.2%
26%Competitive Compression+0.1%
21%Strategic Acquisition Path+0.2%

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Snorkel AI Raises $350 Million at $3.5 Billion Valuation After 18x Growth

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Snorkel AI Insight Partners Section 32 Addition

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

38%Enterprise AI Breakout+0.2%
26%Competitive Compression+0.1%
21%Strategic Acquisition Path+0.2%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.