Snorkel AI Raises $100M in Series D Funding, Hits $1.3 Billion Valuation
Snorkel AI, a company based in Redwood City, CA, has secured $100 million in Series D funding, bringing its valuation to $1.3 billion. The funding round was led by Addition, with participation from Prosperity 7 Ventures, Greylock, Lightspeed, BNY, and QBE Ventures. This investment will fuel the company’s growth and support the launch of two new products: Snorkel Evaluate and Snorkel Expert Data-as-a-Service.
Expanding AI Data Development Platform
Under the leadership of CEO Alex Ratner, Snorkel AI is expanding its AI data development platform with the introduction of Snorkel Evaluate. This new product allows users to create specialized evaluations of models and agents, enabling enterprises to scale their AI systems confidently. Additionally, Snorkel Expert Data-as-a-Service offers expert datasets for advanced AI system evaluation and tuning, catering to a wide range of applications such as advanced reasoning, tool use, user interaction, and domain-specific knowledge.
Total Funding Reaches $237M
Since its establishment in 2019, Snorkel AI has raised a total of $237 million in funding. The company’s innovative approach to AI data development and the introduction of new products like Snorkel Evaluate and Snorkel Expert Data-as-a-Service demonstrate its commitment to advancing the field of artificial intelligence. With this latest funding round, Snorkel AI is poised for further growth and success in the industry.
