Snorkel AI raises $350 million Series E, reaches $3.5 billion valuation

VERA Brief

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Snorkel AI has raised $350 million in a Series E funding round, increasing its valuation to $3.5 billion. The company cited growing demand for AI training data as the reason for this valuation increase.

Key facts

• Snorkel AI has secured $350 million in Series E funding.
• The company's valuation has reached $3.5 billion.
• Snorkel AI attributes its growth to increased demand for AI training data.
• The funding will support Snorkel AI's data-as-a-service model.
• The development signifies a growing market for specialized data solutions for AI systems.