Stanford spinout Snorkel AI has now raised $135m overall and pushed its valuation to $1bn, thanks to commitments from investors like GV.
Snorkel AI, a US-based developer of a programmatic data labelling platform spun out of Stanford University, has picked up $85m in a series C round that valued that business at $1bn.
Funds and accounts managed by BlackRock led the round, while GV, an investment subsidiary of diversified technology group Alphabet, Greylock, Lightspeed Venture Partners, Nepenthe Capital and Walden International also supplied cash.
Snorkel Ai has built a platform that labels data programmatically, allowing clients such as data scientists…
