Scale AI Nears $13 Billion Valuation in Accel-Led Round

Venture capital firm Accel, an early investor in the data labeling startup Scale AI, is in talks to lead a new round of funding that would raise the startup’s valuation nearly 80% to about $13 billion, people with direct knowledge of the discussions said.

The investment would allow Accel to maintain a large share of a valuable startup that has gotten a boost selling services to OpenAI and other conversational AI startups. Scale, which labels images or text for artificial intelligence models, is in talks to raise hundreds of millions of dollars in the round, one of the people said.