signalTechCrunch AI2026-09-23
Snorkel AI triples valuation to $3.5B as demand for AI training data booms
Snorkel AI raised $350M in a Series E led by Insight Partners and S32, tripling its valuation to $3.5B from $1.3B. The data-as-a-service company reports $375M annualized revenue run rate, an 18-fold surge in 12 months, driven by AI labs' demand for high-end training data. It uses a hybrid model combining synthetic data generation with human experts.
- why now
- Snorkel triples on data boom
key points
- Annualized revenue run rate $375M, an 18x increase in 12 months
- Shifted from labeling software to data-as-a-service, supplying complete datasets and RL environments
#ai funding#training data#data services
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