Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Scale (2021 valuation: $7.3B) launched in 2016 as a Mechanical Turk for machine learning, providing an API and workflow into Filipino, Nigerian and Kenyan workers for machine learning data labeling tasks—in 2022, Scale AI grew 61% to ~$290M in revenue.</li><li>In the post-zero interest rate environment of 2022-23, AV data labeling workloads have declined alongside the decreasing investment in R&D—see the closure of AV startups like Argo AI (2021 valuation: $7.5B) and Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER) discontinuing their self-driving car units.</li><li>Scale’s vertically integrated platform helps them sell into enterprise and government—who have a greater need for consolidation and a harder time hiring to build and secure their own ML infrastructure—with Scale already winning $300M+ in contracts with the Department of Defense to work on image and text analysis for national security.</li></ul>

Scale (2021 valuation: $7.3B) launched in 2016 as a Mechanical Turk for machine learning, providing an API and workflow into Filipino, Nigerian and Kenyan workers for machine learning data labeling tasks—in 2022, Scale AI grew 61% to ~$290M in revenue.In the post-zero interest rate environment of 2022-23, AV data labeling workloads have declined alongside the decreasing investment in R&D—see the closure of AV startups like Argo AI (2021 valuation: $7.5B) and Lyft (NASDAQ: LYFT) and Uber (NYSE: UBER) discontinuing their self-driving car units.Scale’s vertically integrated platform helps them sell into enterprise and government—who have a greater need for consolidation and a harder time hiring to build and secure their own ML infrastructure—with Scale already winning $300M+ in contracts with the Department of Defense to work on image and text analysis for national security.

Scale: The $290M/year Mechanical Turk Of Machine Learning

<ul><li>The data annotation space isn’t going to keep growing like it did earlier because pre-trained models are going to get better and better.</li><li>With regard to the MLOps space that caters to experts, my guess is that it's going to shrink or at least not grow quite as fast as the space that it caters to—the end customer, the non-experts, and the product owner.</li><li>The rise of those companies, Scale, in particular, was tied to the autonomous driving industry that was extremely data-hungry.</li></ul>

The data annotation space isn’t going to keep growing like it did earlier because pre-trained models are going to get better and better.With regard to the MLOps space that caters to experts, my guess is that it's going to shrink or at least not grow quite as fast as the space that it caters to—the end customer, the non-experts, and the product owner.The rise of those companies, Scale, in particular, was tied to the autonomous driving industry that was extremely data-hungry.

Oscar Beijbom, co-founder And CTO Of Nyckel, On The Opportunites In The AI/ML Tooling Market

United States

Tooling suite for data labeling, model training, and deployment for enterprise ML teams

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Scale AI (AI US)

Scale: The $290M/year Mechanical Turk Of Machine Learning

Scale (dataset), formerly Scale AI, built a $290M/year revenue business indexed on labeling data for AI in the world of atoms, from autonomous...

Sacra

Oscar Beijbom, co-founder And CTO Of Nyckel, On The Opportunites In The AI/ML Tooling Market

Sacra interview with Oscar Beijbom, co-founder and CTO of Nyckel

Sacra

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