raised $1 billion in a round led by that values the data labeling and evaluation startup at a stunning $13.8 billion.
The valuation is nearly double the $7.3 billion the San Francisco-based startup hit after a $325 million raise in April 2021.
The new financing included some of the biggest names in tech, with , and all investing. Others existing investors participating in the round included , , , , , , , , and , as well as new investors , , , , , and .
The new Scale AI round is the second $1 billion raise for a U.S.-based AI startup this month, after raised a whopping $1.1 billion in a fresh funding round led by Coatue in a deal valuing the company at $19 billion,
Scale AI plays a key role in creating large language models, accurately labeling text, images, video and voice data. The startup also creates and fine-tunes data sets.
That鈥檚 not all
However, that is not the only big deal Accel was in on Tuesday.
Paris-based artificial intelligence startup H has launched with a $220 million round. In previous reports, the company was called .
The startup, created by a former scientist, is looking to create 鈥渕ultimodal-to-action鈥澛 models capable of reasoning, planning and performing complex tasks.
The round included investment from the likes of Accel, , , , Amazon and others.
Paris has turned into a hotbed of sorts in the new generative crazed world. Earlier this month, it was Paris-based was closing in on a huge new round that would value the and competitor at $6 billion.
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