{"id":942904,"date":"2025-07-02T07:04:28","date_gmt":"2025-07-02T01:34:28","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=942904"},"modified":"2025-07-02T07:11:39","modified_gmt":"2025-07-02T01:41:39","slug":"scale-ais-bigger-rival-surge-ai-seeks-up-to-1-billion-capital-raise-sources-say","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/02\/scale-ais-bigger-rival-surge-ai-seeks-up-to-1-billion-capital-raise-sources-say\/","title":{"rendered":"Scale AI&#8217;s bigger rival Surge AI seeks up to $1 billion capital raise, sources say"},"content":{"rendered":"<p>Surge AI, a data-labeling firm that competes with Scale AI, has hired advisors to raise as much as $1 billion in the first capital raising in the firm&#8217;s history, sources told Reuters, as it seeks to capitalize on growing user demand amid Scale AI&#8217;s recent customer exodus.<\/p>\n<p>The company, founded by former Google and Meta engineer Edwin Chen, is targeting a valuation of over $15 billion, sources said, cautioning that the talks are still in early stages and the final number could be higher. The funding would be a mix of primary and secondary capital that provides liquidity for the employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Surge AI, a data-labeling firm that competes with Scale AI, has hired advisors to raise as much as $1 billion in the first capital raising in the firm&#8217;s history, sources told Reuters, as it seeks to capitalize on growing user demand amid Scale AI&#8217;s recent customer exodus. The company, founded by former Google and Meta engineer Edwin Chen, is targeting a valuation of over $15 billion, sources said, cautioning that the talks are still in early stages and the final number could be higher. The funding would be a mix of primary and secondary capital that provides liquidity for the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-942904","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/942904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=942904"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/942904\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=942904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=942904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=942904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}