March 29, 2024, 3:13 a.m. | Cory Weinberg

The Information

Venture capital firm Accel, an early investor in the data labeling startup Scale AI, is in talks to lead a new round of funding that would raise the startup’s valuation nearly 80% to about $13 billion, people with direct knowledge of the discussions said.

The investment would allow Accel to maintain a large share of a valuable startup that has gotten a boost selling services to OpenAI and other conversational AI startups. Scale, which labels images or text for artificial …

accel billion capital data data labeling discussions funding investment investor knowledge labeling people raise scale scale ai startup talks valuation venture venture capital

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