Surge AI, a leading data-labeling startup, is in talks to raise about $1B in its first round of funding at a valuation of at least $25B, according to a person familiar with the matter, Bloomberg’s Rachel Metz reports. The valuation, which has not previously been reported, would make Surge one of the most highly valued startups in the U.S. It would also put Surge in striking distance of rival Scale AI, which received a $14.3B investment from Meta Platforms (META) in June valuing it at more than $29B, including the money raised, the author notes.
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