The company has now raised $100 million in a Series D funding round led by New York-based VC firm Addition at a $1.3 billion valuation— a 30% increase from its $1 billion valuation in 2021.

The US data annotation and labelling market is projected to be valued at USD 838.2 million in 2024 and is further projected to reach USD 10,346.2 million by 2033, growing at a CAGR of 32.2%.

Scale AI has raised $1bn in a new funding round, doubling the data-labelling start-up’s valuation to about $14bn and paving the way for an initial public offering.