Snorkel AI Secures $100 Million in Series D Funding

Snorkel AI, a company specializing in building an AI Data Development Platform for evaluating and tuning specialized AI at scale, has announced a significant $100 million Series D funding round. This brings their total funding to $237 million since their founding in 2019. The round was led by Addition, with participation from notable investors including Prosperity 7 Ventures, Greylock, Lightspeed, BNY Mellon, and QBE Ventures.

The funding will be used to expand Snorkel AI's engineering, research, and go-to-market efforts for their unified AI Data Development Platform. This platform includes new offerings like Snorkel Evaluate, for building specialized AI evaluations, and Snorkel Expert Data-as-a-Service, which provides expert datasets for advanced AI system evaluation and tuning.

Snorkel AI's technology addresses the challenge of deploying large language models (LLMs) effectively in specialized business cases. Their platform helps enterprises overcome the hurdles of data scarcity and lack of fine-grained evaluation methodologies, enabling confident deployment of AI systems into production. The company boasts a strong customer base including Fortune 500 companies and U.S. government agencies.

The $100 million investment underscores Snorkel AI's rapid growth and market recognition, solidifying its position as a leader in the AI data development space. The company's innovative approach to data-centric AI development is attracting significant attention and investment, positioning it for continued success.