Startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it seeks to capitalize on investors' voracious demand for AI startups.
Scale AI, founded in 2016, has become increasingly in demand as companies need to label and sort vast quantities of unstructured data to train machine learning models.
The company was last valued at $13.8 billion in a funding round led by Accel, and is now aiming for a valuation of $25 billion in a new tender offer.
Scale AI's customers include OpenAI, Microsoft, and Meta, and the company recently announced a contract with the Defense Department for the use of AI agents in operational decision-making.