Scale AI Raises $1 Billion in Series F Funding Round #

San Francisco-based enterprise tech company, Scale AI, has secured $1 billion in a Series F funding round. The funding round values the company at $13.8 billion, almost double its previous valuation. The round was led by Accel and saw participation from new investors including Amazon and Meta. Scale AI specializes in generative artificial intelligence and large language models, contributing to the labeling and improvement of data used in AI implementations. The company has also been involved in projects with the Department of Defense and plans to expand its presence globally, with the opening of a London office.