Scale AI receives $1 billion in funding from Amazon and Meta, valuing the company at $14 billion.

• Almost double its last reported valuation, the enterprise tech company has raised $1 billion in a Series F funding round.
• Amazon and Meta are among new investors.
• The latest funding round for the company was led by Accel and included Nvidia, Cisco, Intel, ServiceNow, and AMD, among other investors.

Scale AI, a San Francisco-based artificial intelligence startup, announced on Tuesday that it has secured $1 billion in a Series F funding round, valuing the company at $13.8 billion, almost double its last reported valuation. This brings the company's total funding to $1.6 billion. Scale AI is ranked No. 12 on this year's CNBC Disruptor 50 list.

The company's latest funding round is being led by Accel and includes Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil (co-founder of Color Genomics and serial tech investor), and Meta, all of which are new investors in the company.

The round of funding was participated in by Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management, in addition to existing investors.

AI technology is increasingly relying on scale AI to accurately label data, which is essential for the development of advanced models such as generative artificial intelligence and large language models. This technology has evolved from its initial use in labeling data for autonomous driving to now being utilized by organizations worldwide to improve and fine-tune their AI capabilities.

Alexandr Wang, founder and CEO, stated that our mission is to establish the data foundry for AI and with the current funding, we are entering the next phase of this journey, which involves accelerating the availability of cutting-edge data that will lead us to AGI.

Scale AI is also increasingly working with the public sector.

In August, the Department of Defense Chief Digital and Artificial Intelligence Office awarded the company a contract, which the company stated will aid the DoD in enhancing its AI capabilities for the entire military, encompassing initiatives across various branches, including the Army, Marine Corps, Navy, Air Force, Space Force, and Coast Guard.

In May, the U.S. government classified network launched Donovan, an AI-powered decision-making platform that is the first LLM deployed to a U.S. government network.

Wang discussed the role of Scale AI in supporting the U.S. and its allies at the December AI Insight Forum in Washington, D.C.

"The race for global AI leadership is intensifying, and our country's ability to quickly adopt and implement AI will determine the future of warfare, according to him. I strongly believe that the United States has the potential to lead the world in AI adoption to safeguard U.S. national security. The world is not slowing down, and we must act swiftly."

The company aims to expand its global presence in AI development by establishing a London office as its European headquarters and collaborating with the U.K. government on its AI initiatives.