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Snorkel AI raises $350 million at $3.5 billion valuation

Snorkel AI raised $350 million at a $3.5 billion valuation, CEO Alex Ratner told Reuters, citing strong demand for AI training data and simulated environments.

5 billion valuation, CEO Alex Ratner told Reuters. The company said booming demand from frontier AI labs for increasingly complex training data and simulated environments is fueling rapid growth.