Scale AI reported $870 million in revenue for 2024, falling short of its $1 billion target

[{"selector":"#anim-60ba1bb9-9609-4797-93df-bd30779b632e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.34448232687793%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] In May 2024, Scale AI secured $1 billion in funding, elevating its valuation to $14 billion. In May 2024, Scale AI secured $1 billion in funding, elevating its valuation to $14 billion.

CEO Alexandr Wang highlighted that the company's annual recurring revenue tripled in 2023

Despite revenue growth, Scale AI's gross margins declined to just under 50%

While Scale AI's valuation continues to rise, the company must navigate operational and reputational challenges

The company also faces legal challenges, including lawsuits alleging wage theft and more. The company also faces legal challenges, including lawsuits alleging wage theft and more. Party Text

The company is now planning a $150 million share sale, aiming for a valuation of up to $25 billion The company is now planning a $150 million share sale, aiming for a valuation of up to $25 billion Party Text

Contractors have also reported being assigned to create and review distressing content Contractors have also reported being assigned to create and review distressing content Party Text

As Scale AI continues to expand, these legal and ethical issues may impact its operations and reputation in the competitive AI industry. As Scale AI continues to expand, these legal and ethical issues may impact its operations and reputation in the competitive AI industry. Party Text