Snorkel AI, a leading provider of artificial intelligence (AI) data tools, has successfully closed its Series D round of funding with a whopping $100 million. This milestone puts the company at a staggering $1.3 billion valuation, signifying their growing dominance in the machine learning space. The funding round was superintended by Addition, joined by Prosperity7 Ventures and other existing investors.
Founded in 2019, Snorkel AI is at the forefront of delivering AI capabilities to businesses and organisations looking to leverage data for insightful decision making. Powered by Snorkel Flow, the company’s flagship product, Snorkel AI aims to equip companies with the power to build, manage, and deploy AI applications at scale.
The recent story of funding success, coupled with an impressive increase in valuation, makes clear the high confidence investors have in Snorkel AI’s innovative approach towards machine learning and AI technologies. Addition, known for their smart bets in tech, leads the pack, demonstrating their backing of Snorkel’s potential to continue to disrupt the AI and machine learning market.
With this latest injection of funds, Snorkel AI plans to expedite the development and evaluation of highly specialized AI systems tailored for enterprise use. The completion of Series D stands as a significant accomplishment for the company, especially amidst an incredibly competitive tech landscape.
In conclusion, Snorkel AI’s successful raise is a testament to its revolutionary role in the AI industry. The backing of prominent investors like Addition and Prosperity7 Ventures further solidifies its place in the booming market. The substantial investment will undoubtedly fuel Snorkel AI’s quest for pushing the boundaries of AI and machine learning technologies. Stay tuned for this space disrupted.
