Snorkel AI's valuation rose to $3.5 billion

Snorkel AI has raised $350 million from investors. With the new deal, the San Francisco-based AI company was valued at $3.5 billion, nearly three times higher than the $1.3 billion valuation recorded in May 2025.

The funding round was led by Insight Partners and S32. Addition, Greylock and Wells Fargo also participated.

Snorkel AI originally built software, later shifting to preparing the data needed for training AI models.

Snorkel AI's services are used by AI companies, major corporations and US federal agencies alike.

The company's annual revenue run rate has surpassed $350 million. A year ago, this figure was around $20 million. With the funds raised, Snorkel AI plans to hire new researchers and engineers and expand into other areas.

Source: Yahoo Finance