July 2, 2025

Surge AI, a data-labelling firm founded by Edwin Chen, plans to raise $1 billion in its first capital raising, aiming for a valuation surpassing $15 billion. It has outperformed Scale AI in revenue and customer acquisition. As Scale AI faces customer losses post-Meta investment, Surge AI's strategic growth is under scrutiny. Investors observe the data labelling industry's dynamics amidst AI advancements and automation threats.

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Tags: Funding, Surge ai, Investor interest, Data labelling, Scale ai,