Scale AI, Inc. announced that it has received funding from a group of investors
May 20, 2024
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Scale AI, Inc. announced that it has received $1,000,000,000 in a round of funding led by returning investor, Accel Partners on May 21, 2024. The transaction included participation from returning investors, Y Combinator Management, LLC, Nat Friedman, Index Ventures SA, The Founders Fund, LLC, Coatue Management, L.L.C., Thrive Capital Management, LLC, Spark Capital Partners, LLC, NVIDIA Corporation, Tiger Global Management, LLC, Greenoaks Capital Partners LLC, Wellington Management Group LLP, and new investors, Cisco Investments, DFJ Growth Management, LLC, Intel Capital Corporation, ServiceNow Ventures, ServiceNow Ventures, WCM, Amazon.com, Inc., Elad Gil, and Meta Platforms, Inc. The company has raised the funding through the mix of primary and secondary financing which brought its valuation to $13,800,000,000.
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (55.9%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (44.1%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (55.6%), gaming (33.6%), professional visualization (5.7%), automotive (3.4%) and other (1.7%).
Net sales are distributed geographically as follows: the United States (30.7%), Taiwan (25.9%), China (21.5%) and other (21.9%).
NVIDIA CORPORATION 
