Scale AI, led by CEO Alexandr Wang, reported a significant revenue increase in 2024, generating $870 million. The company, which helps companies develop artificial intelligence applications and train AI models, projects its revenue to reach $2 billion in 2025, reflecting a more than doubling of its income. This growth is supported by an annualized run rate that reached $1.5 billion by the end of last year. In addition to its financial performance, Scale AI is in discussions for a tender offer that could value the company at $25 billion. Investors such as Coatue, Founders Fund, and Greenoaks are expected to participate in this offer, indicating strong investor confidence in the company's future. Scale AI's clients include major tech firms like OpenAI, Microsoft, and Meta, and it recently secured a landmark contract with the Defense Department to aid in operational decision-making. The AI sector continues to see robust investment, with other startups like Actively AI raising $22.5 million to develop sales 'superintelligence.' Founded by Stanford-trained researchers Anshul Gupta and Mihir Garimella, Actively AI critiques traditional AI sales representatives for their focus on volume over strategic value, aiming to offer a more reasoned approach to sales. The company secured its Series A funding from Bain Capital Ventures and a seed round from First Round Capital.
The Valuation Puzzle of Post-Training AI Startups AI post-training startups like Mercor are seeing huge revenue growth, but their revenue needs context. 📊 Mercor hit $100M ARR, up from $1M in 11 months. More on AI revenue: https://t.co/BiJLEAait5 #AIStartups
Adaptive Security raises $43M for its AI cyberattack simulation platform https://t.co/jJqaVebMLi
BREAKING: Scale AI projects $2 billion revenue this year (up from $870 million) - Tender offer is valuing the company at $25 billion we are so back https://t.co/9Xe6TOKxJq