
Snorkel AI has closed a $350 million Series E funding round, bringing its valuation to $3.5 billion. Led by Insight Partners and S32, the investment values the seven-year-old startup at nearly triple its previous $1.3 billion assessment. The company, originally known for data-labeling automation software, has pivoted to providing completed training datasets and simulated environments through a hybrid model of synthetic generation and human expert verification. Snorkel reports an annualized revenue run rate of $375 million, driven by AI labs' need for high-quality reinforcement learning data.
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