Scale AI Rival Invisible Technologies Valued at Over $2 Billion
Vanara, a spinoff of TPG, led the latest funding round.
Artificial intelligence startup Invisible Technologies, a competitor of Scale AI Inc., is raising $100 million in a new funding round that underscores Silicon Valley investors’ interest in the building blocks of the AI boom.
The 10-year-old startup is valued at more than $2 billion in the deal, according to people familiar with the matter who asked not to be identified discussing private information. A new firm called Vanara Capital led the financing, marking its first public investment since spinning off from private equity firm TPG Inc. in August.