Scale AI

Scale AI

An artificial intelligence company making an API for validating and training data for applications.

Scale AI is an artificial intelligence company making an API for validating and training data for applications that is headquartered in San Francisco, California and was founded in 2016 by Alexander Wang. Their API includes the following data features: Sensor Fusion (annotation for LIDAR/RADAR/camera data), semantic segmentation, 2D boxes/polygons, video, 3D cuboids, lines & splines, keypoints, and data categorization.

Funding

Seed

On August 22, 2016 Scale AI completed their seed funding round with $120,000 in seed funding from Y Combinator.

Series A

On May 23, 2017 Scale AI completed their series A funding round with $4.5 million in funding from Accel (lead investor), Y Combinator, Arena Ventures, Nat Friedman, Ilya Sukhar, Guillermo Rauch, Greg Brockman, and Charlie Cheever.

Series B

On August 7, 2018 Scale AI completed their series B funding round with $18 million in funding from Index Ventures (lead investor), Y Combinator, Accel, Justin Kan, and Drew Houston.

Series C

On August 5, 2019 Scale AI completed their series C funding round with $100 million in funding from Founder Fund (lead investor), Thrive Capital, Spark Capital, Index Ventures, Coatue Management, Accel, Mike Krieger, Kevin Systrom, and Adam D'Angelo.

Timeline

May 22, 2020

Scale AI releases free lidar dataset to power self-driving car development.

August 2019

Scale AI raises a $100,000,000 series C round from Spark Capital, Index Ventures, Kevin Systrom, Adam D'Angelo, Coatue Management, Mike Krieger, Thrive Capital, Accel Partners and Founders Fund.

August 2018

Scale AI raises a $18,000,000 series B round from Y Combinator, Accel Partners and Index Ventures.

2016

Scale AI was founded.

Funding rounds

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News

Title
Author
Date
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Description
Isabelle Kirkwood
May 29, 2020
BetaKit
Scale AI is investing $10 million to support the creation of at least ten university chairs dedicated to AI across the country.
Kirsten Korosec
May 22, 2020
TechCrunch
High quality data is the fuel that powers AI algorithms. Without a continual flow of labeled data, bottlenecks can occur and the algorithm will slowly get worse and add risk to the system. It's why labeled data is so critical for companies like Zoox, Cruise and Waymo, which use it to train machine learning models [...]
Isabelle Kirkwood
May 6, 2020
BetaKit
Quebec-based Supercluster Scale AI has invested $3.4 million into eight projects that have passed all the stages of analysis and approval.
January 16, 2020
IT Business
Montreal-based Plotly Technologies on Tuesday announced it had received a $1.7 million contribution from Scale AI, the innovation supercluster investing in the development of artificial intelligence (AI) and supply chain technology in Canada.
Meagan Simpson
January 15, 2020
BetaKit
Scale AI has publicly invested more than $32 million to date into 14 projects, with the hopes of accelerating the adoption of artificial intelligence (AI)

References

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