Snorkel AI funds reach $350M

Sunnorkel AI has raised $350 million in a new funding round, boosting its market valuation to approximately $3.5 billion—three times its previous valuation of $1.3 billion. The company was founded in 2019 and provides ready-to-use datasets and complex training environments for artificial intelligence. Its annual revenues have grown to over $350 million, supported by the growth of the "Data as a Service" model. The funding aims to expand the research and development team, enhance the evaluation of AI models, and enter new industrial sectors, with profitability expected within this year. There is increasing demand for more sophisticated training data as AI system capabilities continue to develop.

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