Snorkel AI Secures $350 Million In Series E Funding At $3.5 Billion Valuation

Snorkel AI, an AI data company, raised $350 million in Series E funding at a $3.5 billion valuation, nearly triple its $1.3 billion valuation from its Series D 17 months earlier. The round was led by Insight Partners and S32, with participation from Addition, Lightspeed, Greylock, GV and Wells Fargo, while co-founder and CEO Alex Ratner launched the company commercially in 2019 after four years of research at Stanford. FOUNDER: Alex Ratner INVESTORS: Insight Partners, S32, Addition, Lightspeed, Greylock, GV, Wells Fargo ROUND: Series E AMOUNT: $350,000,000 VALUATION: $3,500,000,000 HQ: Redwood City, California #VentureCapital #SnorkelAI #AlexRatner #InsightPartners #TradedVC