Scale AI confirms 'significant' investment from Meta, says CEO Alexandr Wang is leaving | TechCrunch
Jun 13, 2025 - techcrunch.com
Scale AI, a data-labeling company, has received a significant investment from Meta, valuing the startup at $29 billion. Meta invested approximately $14.3 billion for a 49% stake in Scale AI, which is known for producing and labeling data used to train large language models for generative AI. As part of the deal, Scale AI's co-founder and CEO, Alexandr Wang, will step down to join Meta and contribute to its AI initiatives. Jason Droege, the current chief strategy officer, will serve as interim CEO. Despite the investment, Scale AI will remain an independent entity, with Wang continuing as a director on its board.
Meta's investment is aimed at enhancing its AI capabilities as it faces competition from companies like Google, OpenAI, and Anthropic. The investment will be used to pay investors and shareholders and support Scale AI's growth. Scale AI has been a key player for leading AI labs, providing data essential for training AI models. The company has also been hiring highly skilled professionals to improve data quality for AI development. Last year, Scale AI raised $1 billion from investors, including Amazon and Meta, at a valuation of $13.8 billion.
Key takeaways:
Scale AI received a significant investment from Meta, valuing the startup at $29 billion.
Meta invested approximately $14.3 billion for a 49% stake in Scale AI.
Alexandr Wang, co-founder and CEO of Scale AI, is stepping down to join Meta and will continue as a director on Scale AI's board.
Jason Droege, Scale's chief strategy officer, will serve as interim CEO.
