<ul data-eligibleForWebStory="true"><li>Data-labeling startup Surge Labs Inc. is reportedly seeking up to $1 billion in venture capital funding, aiming for a $15 billion valuation in its first capital raise.</li><li>Surge AI, founded in 2020 by former Google and Meta AI engineer Edwin Chen, has already achieved over $1 billion in annual revenue and profitability without prior funding.</li><li>The startup has benefited from Scale AI's customer exodus to Meta, attracting former Scale AI clients worried about data exposure, despite Scale AI's commitment to data protection.</li><li>Surge AI differentiates itself by providing premium data labeling services through highly trained contractors and offering a pay-as-you-grow business model, anticipating the need for more nuanced data in AI development.</li></ul>

Data labeling startup Surge AI reportedly seeking $1B in first capital raise

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