positiveSYS.SOURCE: TechCrunch• 2026-09-22T21:56:43Z

Snorkel AI's Valuation Surges to $3.5 Billion Amid Rising AI Training Data Demand

#ai #startups #data labeling #fundraising #enterprise

Snorkel AI's valuation increased to $3.5 billion following a $350 million Series E funding round, driven by its shift to data-as-a-service offerings and 18x revenue growth to $375 million annually. The company's growth reflects surging demand for AI training data, with similar trends observed in competing data labs like Mercor and Handshake.

The seven-year-old startup has raised a $350 million Series E to fuel its data-as-a-service approach.

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