Scale AI competitor Micro1 raising funds at $500 million valuation, sources say

Scale AI competitor Micro1 raising funds at $500 million valuation, sources say

By Anna Tong SAN FRANCISCO (Reuters) -Scale AI competitor Micro1 is finalizing a Series A round valuing the startup at $500 million, according to two sources familiar with the matter. Micro1 provides data labeling services to artificial intelligence labs, a sector that has grown tremendously in recent years as high-quality, human-generated datasets have become more important in training advanced AI systems. Micro1 has capitalized on this trend b…

Scale AI Competitor Micro1 secures funding at $500 Mn Valuation | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

Micro1, a rising competitor to Scale AI, is closing a Series A funding round that values the company at $500 million, according to two individuals with knowledge of the deal. The startup specializes in data labeling services for artificial intelligence labs—a field that has rapidly expanded as demand for high-quality, human-annotated datasets grows. Micro1 has leveraged this shift by creating an AI-driven recruitment platform that connects AI la…