Scale AI Revenue, Valuation, Funding & Investors
Scale AI is valued at $29B as of June 2025, a 14.5x revenue multiple. Scale AI revenue was $2B, as disclosed with its latest round.
Last Scale AI valuation
$29B
Strategic investment · Jun 2025
Last Scale AI funding round
$14B
Strategic investment · Jun 2025
Scale AI revenue
$2B
Strategic investment · Jun 2025
Key investors in Scale AI
Y Combinator
Accel
Index Ventures
Tiger Global
Founders Fund
Coatue
About Scale AI
Scale AI is a San Francisco-headquartered data platform supplying high-quality training and validation datasets for AI models in computer vision, NLP, and sensor fusion. The company's APIs enable annotation of LiDAR, images, video, and text for autonomous vehicles, drones, and robotics. Clients including General Motors, OpenAI, Meta, and U.S. Department of Defense rely on Scale AI's workforce and automation to label petabytes of data annually.
Founded
2016
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Usage-based, Subscription
Revenue
$2B (Jun 2025)
Valuation
$29B (Jun 2025)
Scale AI Valuation
Scale AI is currently valued at $29B, based on its strategic investment round in June 2025. Read the announcement ↗
The $14B round was led by Meta.
Scale AI's valuation has grown 29x from $1B at its Series C in August 2019 to $29B in June 2025, across 5 priced rounds.
Scale AI valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2025 | Strategic investment | $29B | 14.5x |
| May 2024 | Series F | $14B | 9.9x |
| Apr 2021 | Series E | $7B | 70.0x |
| Dec 2020 | Series D | $3.5B | - |
| Aug 2019 | Series C | $1B | - |
Scale AI Revenue
Scale AI's latest recorded revenue is $2B, as of its strategic investment round in June 2025. At a $29B valuation, that implies a 14.5x revenue multiple.
Revenue grew from $100M in April 2021 to $2B in June 2025, while the revenue multiple moved from 70.0x to 14.5x.
Scale AI revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2025 | $2B | $29B | 14.5x | Strategic investment |
| May 2024 | $1.4B | $14B | 9.9x | Series F |
| Apr 2021 | $100M | $7B | 70.0x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Scale AI Funding History
Scale AI has raised a total of $16B across 9 funding rounds.
Scale AI's first fundraising round was a $100K seed round in August 2016. The most recent completed round was a $14B strategic investment round in June 2025.
Scale AI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Strategic investment | Meta (lead) | $14B | $29B | On June 12, 2025 Scale AI announced that Meta Platforms had agreed to invest approximately $14.3 billion for a 49% non-voting stake, valuing the company at more than $29 billion, roughly double the $13.8 billion valuation of its May 2024 Series F. The investment was structured largely as a purchase of shares from existing holders, delivering a substantial cash distribution to employees and early investors while leaving Scale an independent company. As part of the agreement, founder and chief executive Alexandr Wang left to lead Meta's new superintelligence effort, remaining on Scale's board, and chief strategy officer Jason Droege was appointed interim chief executive. Scale said the deal would also substantially expand its commercial relationship with Meta. The transaction was widely read as Meta buying access to Scale's data and talent after a lukewarm reception for its Llama 4 models, and several other AI laboratories, including OpenAI and Google, subsequently reduced their use of Scale's services. Scale AI was founded in 2016 and is headquartered in San Francisco. It supplies human-labelled and synthetic training data, reinforcement-learning-from-human-feedback services and model evaluation to AI developers, enterprises and the US government, and generated revenue of roughly $870 million in 2024 with expectations of around $2 billion in 2025. |
| May 2024 | Series F | Accel (lead); WCM Investment Management; NVIDIA; Greenoaks; Index Ventures; Wellington Management; Y Combinator; ServiceNow Ventures; Spark Capital; Amazon; Cisco Investments; DFJ Growth; AMD Ventures; Nat Friedman; Founders Fund; Tiger Global; Thrive Capital; Coatue; Meta; Elad Gil; Intel Capital | $1B | $14B | Scale AI, a San Francisco-based startup founded in 2018, provides data labeling, evaluation, and software services to train AI models, serving clients like OpenAI, Microsoft, Meta, Toyota, GM, and the U.S. Department of Defense. The company specializes in organizing text, images, video, and voice data for large language models and generative AI, with 90% of its revenue from AI-related services. On May 21, 2024, Scale AI raised $1 billion in a Series F funding round led by Accel, with participation from Nvidia, Amazon, Meta, Coatue, Tiger Global, Intel Capital, AMD Ventures, and others including Wellington Management, Y Combinator, and Spark Capital. The round, a mix of primary and secondary funding, valued the company at $13.8 billion post-money, nearly double its previous $7.3 billion valuation from a 2021 raise. Scale AI reported annual recurring revenue tripling in 2023 with 200% year-on-year growth, projecting $1.4 billion by end of 2024, and expects profitability by year-end. The funding will accelerate development of frontier data for advanced AI capabilities amid surging demand in the generative AI sector. |
| Jan 2024 | Undisclosed stage | TMT Investments | $487K | - | TMT Investments invested US$487,352 in Scale AI Inc. during 2024, taking a small position in the artificial intelligence data labelling and model evaluation company. In June 2025 Meta Platforms made a large investment valuing Scale at more than US$29 billion, producing a 138% uplift on TMT's holding and a US$0.6 million cash dividend. TMT described the position as an example of returns available from carefully selected artificial intelligence opportunities. |
| Apr 2021 | Series E | Dragoneer (lead); Greenoaks (lead); Tiger Global (lead); Index Ventures; Wellington Management; Y Combinator; Durable Capital Partners; Junipero Capital; Human Capital; Founders Fund; Coatue | $325M | $7B | Scale AI, a data-labeling company founded in 2016, raised $325 million in its Series E funding round on April 13, 2021, led by Dragoneer Investment Group, Greenoaks, and Tiger Global, with participation from Coatue, Founders Fund, Index Ventures, and others including Y Combinator. The round valued the company at $7.3 billion post-money, more than doubling its previous Series D valuation of around $3.5 billion from December 2020. This brought total funding to over $600 million. CEO Alexandr Wang stated the company was on track for $100 million in revenue over a 12-month period around the round date, with sales having doubled in the prior year. Scale AI provides data annotation and labeling services essential for training machine learning models, serving customers like Toyota, General Motors, PayPal, Pinterest, and the U.S. Air Force. The platform enables high-quality data preparation for AI applications, particularly in autonomous vehicles and other sectors. The 2021 funding supported expansion amid growing demand for labeled data in AI development. Post-2021, Scale AI continued rapid growth, raising further rounds including a $1 billion Series F in May 2024 at $13.8 billion valuation from investors like Amazon and Meta. Revenue scaled significantly afterward, reaching $250 million in 2022, $760 million in 2023, and $870 million in 2024, driven by demand from generative AI firms like OpenAI and Anthropic for RLHF data labeling. |
| Dec 2020 | Series D | Tiger Global (lead); Bradley Horowitz | $155M | $3.5B | Scale AI is a data labeling platform that uses software and people to label image, text, voice, and video data for companies building machine learning algorithms and AI models. The company provides infrastructure for training large language models and other AI applications across industries including government, e-commerce, enterprise automation, and robotics, serving customers such as Airbnb, OpenAI, DoorDash, and Pinterest. In December 2020, Scale AI raised $155 million in its Series D funding round led by Tiger Global, achieving a post-money valuation of $3.5 billion. The company was break-even at the time and planned to use the funds to expand its workforce from 200 employees to approximately 350 by the end of 2021, while also expanding into new markets and adding product capabilities. By the time of the Series D, Scale had already grown significantly since its Series C round in August 2019, which valued the company at over $1 billion. |
| Aug 2019 | Series C | Founders Fund (lead); Adam D’Angelo; Index Ventures; Spark Capital; Next Play Ventures; Ruttenberg Gordon Investments; Mike Krieger; Thrive Capital; Coatue; Accel; Scott Belsky; Kevin Systrom | $100M | $1B | Scale AI, founded in 2016 as a Y Combinator startup, initially focused on data labeling and annotation services for autonomous vehicles, helping companies label images for computer vision in self-driving cars from 2016 to 2019. This round marked Scale AI's entry into unicorn status amid growing demand for high-quality labeled data in AI training. By 2019, Scale AI had established itself in the data labeling market, later expanding to serve AI developers, enterprises, and government agencies. The company's early growth was driven by the autonomous driving sector before pivoting in 2020-2022 toward generative AI models like those powering ChatGPT. Scale AI's funding trajectory continued with subsequent rounds: Series D in December 2020 at $3.5 billion valuation, Series E in April 2021 at $7 billion, Series F in May 2024 raising $1 billion at $13.8-14 billion valuation led by Accel with participation from Amazon and Meta Platforms, and a major June 2025 investment from Meta of $14.3 billion for 49% ownership at over $29 billion valuation. Total funding raised exceeds $1.6 billion from investors including Accel, Index Ventures, and others. Revenue growth accelerated post-2019, reaching $250 million in 2022, $760 million in 2023, $870 million in 2024, with projections over $2 billion in 2025, fueled by AI infrastructure demand for RLHF in LLMs from clients like OpenAI and Anthropic. The 2023 valuation of $13.8 billion reflected an 18.1x revenue multiple on $760 million revenue. However, the 2025 Meta deal led to customer losses including OpenAI, Google, and others. Scale AI operates in the $4.9 billion data labeling market, positioning as AI infrastructure for data needs across industries, with opportunities in government contracts like a $250 million U.S. federal deal in 2022 and expansion into Europe and China. Competitors include Appen, while recent leadership changes include CEO Alexandr Wang joining Meta. |
| Aug 2018 | Series B | Index Ventures (lead); Y Combinator; Justin Kan; Drew Houston; Accel | $18M | - | Scale AI raised $18 million in its Series B funding round in August 2018, led by Index Ventures with participation from Accel, Y Combinator, Dropbox CEO Drew Houston, and Justin Kan. The company provides a data labeling API for AI applications, including semantic segmentation, image annotation, and sensor fusion for autonomous vehicles, robotics, drones, and virtual assistants. Scale had annotated over 200,000 miles of self-driving car data and achieved revenue growth over 15x in the prior 12 months with multiple millions in revenue from brand-name customers. Prior to the Series B, Scale completed a $4.5 million Series A in May 2017 led by Accel and Y Combinator, bringing total funding to $22.7 million. The investment aimed to accelerate Scale's mission to democratize access to intelligent data for AI development. |
| Jul 2017 | Series A | Accel (lead); Y Combinator; Charlie Cheever; Guillermo Rauch; Greg Brockman; Nat Friedman; Outlander Fund I Archimedes; Ilya Sukhar; Craft Ventures | $5M | - | Scale AI announced on July 16, 2017 that it had raised a $4.5 million Series A round led by Accel, with Accel partner Daniel Levine joining the board. Y Combinator, which had backed the company in its Summer 2016 batch, also participated, alongside a group of angel investors that included OpenAI co-founder Greg Brockman, Quora co-founder Charlie Cheever, Xamarin co-founder Nat Friedman, Zeit founder Guillermo Rauch and Parse co-founder Ilya Sukhar. The company was founded in 2016 by Alexandr Wang and Lucy Guo and described itself as offering the simplest API for training data. At the time of the round it provided six APIs, covering image annotation, OCR transcription, categorisation, comparison and data collection, and was processing millions of API requests each month. Its early customers were concentrated in autonomous vehicles, where labelled sensor data was needed to train perception models, as well as in voice analytics and intelligent assistants. The funding was used to expand the engineering team and the range of labelling tasks offered. Scale raised an $18 million Series B led by Index Ventures in August 2018 and a $100 million Series C led by Founders Fund in August 2019 that valued it at $1 billion. |
| Aug 2016 | Seed | Y Combinator | $100K | - | Scale AI (then Scale API) took part in Y Combinator's Summer 2016 batch, receiving the accelerator's standard seed investment of about $120,000 in exchange for a small equity stake. The company was founded in 2016 in San Francisco by Alexandr Wang, a 19-year-old MIT dropout who had worked at Quora, and Lucy Guo. Its first product was a simple API through which developers could send tasks that required human judgement, such as image annotation, categorisation, transcription and data collection, and receive labelled results back within minutes; the company combined crowd workers with software checks to keep quality high. Demand came mainly from autonomous-vehicle developers and machine-learning teams that needed large volumes of labelled training data. Y Combinator remained an investor in the subsequent Series A, Series B and later rounds. The seed stage was followed in July 2017 by a $4.5 million Series A led by Accel, and by 2019 the company had become a unicorn. Scale went on to become one of the largest suppliers of training data and model evaluation services to AI laboratories, enterprises and the US government. |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small}
Who has invested in Scale AI?
41 investors have backed Scale AI across its funding rounds, including Y Combinator, Accel, Index Ventures, Tiger Global, Founders Fund and Coatue.
Lead investors include Meta, Accel, Dragoneer, Greenoaks, Tiger Global and 2 other investors.
Scale AI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Participant | Aug 2016 | |
 London | 4 | Lead | Aug 2018 | |
| Palo Alto, CA | 4 | Lead | Jul 2017 | |
| San Francisco, CA | 3 | Lead | Aug 2019 | |
| New York City, NY | 3 | Lead | Dec 2020 | |
| New York City, NY | 3 | Participant | Aug 2019 | |
| San Francisco, CA | 2 | Lead | Apr 2021 | |
| Boston, MA | 2 | Participant | Apr 2021 | |
| San Francisco, CA | 2 | Participant | Aug 2019 | |
| United States | 2 | Participant | Jul 2017 | |
| New York City, NY | 2 | Participant | Aug 2019 | |
| San Francisco, CA | 2 | Lead | May 2024 | |
| Los Angeles, CA | 1 | Participant | May 2024 | |
This data is available for Pro users. Sign up to see all 41 Scale AI investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Scale AI
Scale AI has acquired 3 companies to date.
Last acquisition by Scale AI was on April 19th 2026. Scale AI acquired Illumina Consulting Group for undisclosed valuation.
Latest Acquisitions by Scale AI
| Description | Illumina Consulting Group supplies data processing tools and services that handle diverse formats, volumes, and speeds through user-friendly interfaces compatible with other systems. | - | Helia is a San Francisco-based AI startup founded in 2023 that builds voice interaction models for consumer hardware. Its Helia Voice API powers natural language processing in smart speakers and cars, processing 10 million queries monthly with 95% accuracy in multilingual support including English, Spanish, and Mandarin. |
| HQ Country | |  | |
| HQ City | Washington, DC | - | San Francisco, CA |
| Deal Date | 19 Apr 2026 | 3 Nov 2021 | 1 Dec 2020 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Scale AI acquisitions and their M&A valuation multiples. Start Free Trial | |||
Investments by Scale AI
Scale AI has invested in 2 companies to date.
Latest investment by Scale AI was on June 4th 2024. Scale AI invested in Routific in their $1M Seed round.
Latest Investments by Scale AI
| Description | Routific is a delivery route optimization platform for local businesses handling 10-100 stops daily. Vancouver-based Routific uses AI inspired by bee foraging to cut driving time by 30% and fuel by 20%, serving e-commerce, grocery, and bakery fleets worldwide. Clients include HelloFresh and local couriers, with integrations to Shopify, WooCommerce, and Route4Me. Founded in 2016 and backed by Scale AI, it supports multi-vehicle planning across 50 countries. | Oxipital AI is a Boston-headquartered developer of AI-powered machine vision systems for product inspection and robotic guidance in food processing, agriculture, and consumer goods manufacturing. Spun out from Soft Robotics Inc. in mid-2024, the company leverages deep learning models trained on 2016-originated datasets to achieve 99.5% defect detection accuracy at production line speeds exceeding 1,000 items per minute. Oxipital AI's solutions integrate with grippers now under Schmalz Group ownership, serving clients in Industry 5.0 transitions toward resilient operations. Deployments include poultry plants and fruit sorting facilities across North America and Europe. |
| HQ Country |  | |
| HQ City | Vancouver | - |
| Deal Date | 4 Jun 2024 | 13 Jan 2020 |
| Round | Seed | Series B |
| Raised | $1M | $22M |
| Investors | - | Honeywell Ventures; Tekfen Ventures; Hyperplane; Calibrate Ventures; Yamaha Motor Ventures; Material Impact; GM-FANUC Robotics |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Scale AI investments and their VC round multiples. Start Free Trial | ||
Scale AI Competitors
Scale AI competitors include listed companies like MongoDB, Datadog, Tempus AI and iFlytek, and private ones like Snorkel AI and Legora.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $375M | - | $3.5B | 9.3x | |
| United States | Publicly listed | $2.5B | ($104M) | $28B | 9.0x | |
| United States | Publicly listed | $3.4B | ($588K) | $84B | 18.8x | |
| United States | Publicly listed | $1.3B | ($131M) | $13B | 8.9x | |
 China | Publicly listed | $4.1B | $469M | $13B | 3.2x | |
 Stockholm | Private | $200M | - | $8.8B | 44.0x |
Scale AI Public Comps
Scale AI is still privately-owned, but its public comps include MongoDB, Nutanix, Dynatrace, Tempus AI, iFlytek, Range Intelligent, Workday, Oracle Corp Japan, UiPath and Datadog.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.5B | ($104M) | 10.6x | 9.0x | (251.1x) | 42.3x | |||
| $2.9B | $333M | 6.1x | 5.9x | 52.1x | 22.4x | |||
| $2B | $276M | 7.8x | 7.2x | 56.9x | 23.5x | |||
| $1.3B | ($131M) | 10.8x | 8.9x | (105.2x) | 261.7x | |||
| $4.1B | $469M | 3.5x | 3.2x | 30.2x | 31.0x | |||
| $852M | $803M | 18.7x | 13.3x | 19.9x | 17.3x | |||
| $9.6B | $1.2B | 5.0x | 4.6x | 41.7x | 13.8x | |||
| $1.8B | $581M | 4.3x | 4.2x | 13.5x | 13.0x | |||
This data is available for Pro users. Sign up to see all Scale AI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Scale AI
| When was Scale AI founded? | Scale AI was founded in 2016. |
| Where is Scale AI headquartered? | Scale AI is headquartered in San Francisco, CA, United States. |
| Is Scale AI publicly listed? | No, Scale AI is a private, VC-backed company. |
| What is Scale AI's valuation? | Scale AI was last valued at $29B in its strategic investment round in June 2025. |
| How much funding has Scale AI raised? | Scale AI has raised $16B across 9 funding rounds. |
| What was Scale AI's last funding round? | Scale AI's last funding round was a $14B strategic investment round in June 2025, led by Meta. |
| Who are Scale AI's investors? | Scale AI's investors include Y Combinator, Index Ventures, Accel, Founders Fund, Tiger Global, Coatue, Greenoaks, Wellington Management, Spark Capital, Nat Friedman and 31 others. |
| What is Scale AI's revenue? | Scale AI's latest recorded revenue is $2B (June 2025). |
| What is Scale AI's revenue multiple? | Scale AI's latest valuation implies a 14.5x revenue multiple ($29B valuation on $2B of revenue). |
| Which companies are comparable to Scale AI? | Companies comparable to Scale AI include Snorkel AI, MongoDB, Datadog, Tempus AI, iFlytek and Legora. |
| How many companies has Scale AI acquired? | Scale AI has acquired 3 companies, including Illumina Consulting Group, SiaSearch and Helia. |
| How many companies has Scale AI invested in? | Scale AI has invested in 2 companies, including Routific and Oxipital AI. |
| What was Scale AI's last investment? | In June 2024, Scale AI invested in Routific's $1M seed round. |
See companies similar to Scale AI
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.