Scale AI, Inc., a company focused on human-centered AI solutions, has announced a prominent investment from Meta Platforms, Inc. This investment values Scale at over $29 billion and aims to enhance both companies’ collaborative efforts, particularly in deploying Scale’s data solutions.
As part of this development, Alexandr Wang, the founder of Scale AI, will join Meta to contribute to its AI initiatives. Although he will take on this new role, he will remain on Scale’s Board of Directors to oversee the company’s ongoing projects and values.
Jason Droege has been appointed as the Interim Chief Executive Officer of Scale. Droege brings with him over 20 years of experience in significant technology companies, having previously worked with Uber Eats and Axon. He has played a pivotal role in Scale’s growth, especially in supporting AI labs and working with enterprise clients.
The investment from Meta will not only allow Scale to enhance its innovative capabilities and strengthen its relationships with customers but will also provide liquidity to Scale’s shareholders and equity holders, enabling them to continue participating in the company’s success. Following the investment, Meta will hold a minority stake in Scale.
Scale remains steadfast in its commitment to providing exceptional AI solutions while prioritizing customer data security. The company has been influential in advancing AI development and plans to continue collaborating with leading AI labs, large enterprises, and governmental bodies to deliver sophisticated data and technology solutions.
In his remarks, Alexandr Wang emphasized AI’s transformative potential, highlighting Scale’s role in harmonizing human values with technology. Jason Droege echoed this sentiment, acknowledging the Scale team’s dedication and the company’s foundation for addressing AI data challenges.
This significant investment and the transition in leadership signal a robust path forward for Scale as it seeks to push the envelope of AI capabilities while staying true to its humanity-first ethos.