Snorkel AI raises $350 million in funding at a $3.5 billion valuation
According to CNA Business, data startup Snorkel AI has raised $350 million in new funding at a $3.5 billion valuation, led by Insight Partners and S32. The company, which supplies training data and simulated environments to AI labs, reported that its annualized revenue run-rate has surged to over $350 million from roughly $20 million a year earlier.
Key facts
- 01The funding round values Snorkel AI at nearly three times the $1.3 billion valuation it achieved when it raised $100 million in May 2025.
- 02Snorkel AI's revenue growth is driven by its data-as-a-service business, which launched in September 2025 and involves supplying finished datasets and reinforcement-learning environments.
- 03The company plans to use the new capital to hire researchers and engineers, expand its enterprise and government operations, and support third-party AI model evaluations.
- 04Snorkel AI expects to reach profitability this year, despite prioritizing growth, while tapping a network of tens of thousands of specialists in fields like coding, law, and medicine.
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- Snorkel AI valued at $3.5 billion amid surging demand for complex AI training data · The Economic Times Tech