I'm excited to announce @SnorkelAI's $350M Series E at $3.5B, led by @insightpartners and @S32_VC. We've grown 18x+ in the last 12 months since launching our Data-as-a-Service offering, passing $375M ARRR this week. As AI advances to superhuman capabilities, AI data & environment development must advance with it - and basic staffing and crowdsourcing approaches are not enough. AI progress now requires deep research and technology work that combines human expertise with specialized AI in compounding ways. @SnorkelAI is building the RSI data engine and frontier data lab for this next phase. We're honored to have the support of existing investors Addition, @lightspeedvp, @GreylockVC, @GVteam, P7, Factory, @WellsFargo, Walden Catalyst Ventures, and new investors @ThirdPointLLC, @MarchCPs, @BlumbergCapital, @AllegisCapital, @Frontlinevc, and @standard_vc. – @SnorkelAI started as a research project a decade ago at @StanfordAILab. Our thesis was simple: AI progress would become increasingly data-centric – and therefore data development should be studied as a true research and technology problem, not just a staffing and crowdsourcing one. Today, as AI capabilities verge on superhuman, building the data and environments to safely measure and train AI is becoming too hard for even the smartest human experts to do alone. Only humans and AI agents, collaborating together in compounding ways, can meet the accelerating needs of the frontier, and keep humans in the driver’s seat of AI progress for decades to come. At @SnorkelAI, we are building the data lab to define the shape of this new “Data 2.0” frontier, and the new paradigms of human-computer interaction needed to advance it. Our key focus is building the RSI engine for data, where specialized AI models accelerate and improve human expert output, and in turn, scaled human supervision is used to continuously evaluate and improve these models – creating a powerful compounding loop to keep pace with an accelerating RSI frontier. With this round of funding, we are also doubling down on our commitments to support data development for open benchmarking and evaluation (more news here soon!); an increasingly diverse ecosystem of general and specialized intelligence; and a path to safe, well-aligned AI built on robust training and evaluation data. Data development will guide and drive the next stages of AI – and must do so in a human-centric, AI accelerated, open, diverse, and safe way. We are excited to support this mission in the next decade of research ahead at @SnorkelAI. More thoughts here: snorkel.ai/blog/data-2-0-and…

🚀Big news! Flagright has just raised a $4.3M seed round to accelerate our mission of transforming financial crime compliance. This round was led by @Frontlinevc with participation from @ycombinator, @pioneer_fund, @Moonfire_VC, and notable angels (leaders from @RevolutApp, @Zalando, @GoCardless, and more). In just 2 years, our small-but-mighty team has built an AI-native AML platform serving 50+ customers across six continents, a proof of our strength and speed of execution. What’s next? This new funding propels us into our next chapter, allowing us to: ❇️Innovate faster: Expand our AI product suite to stay ahead of evolving financial crime​. ❇️Go global: Grow our presence in North America (with new offices in NYC & SF) and strengthen across EMEA & APAC​. ❇️Boost impact: Continue helping customers slash false positives by 93% and cut manual effort by 87% through smarter automation​. 🖇️Full press release linked in the comments. Lastly, a huge thank you to our team, investors, and customers for believing in our vision and making this possible. We’re just getting started!🌍

Are you a pre-seed tech startup looking for advice on fundraising, biz dev, and go-to-market? You're in luck. We're joining forces this month with a leading Irish investor @Frontlinevc for Office Hours at Dogpatch Labs. Spaces limited. Apply by Nov 20: dogpatch.click/p6v

Join us for a #StartupMixer hosted in partnership with Frontline Ventures @Frontlinevc! This event offers you the chance to connect with fellow Irish startup founders, investors, and the broader ecosystem. Free tickets here: hubs.ly/Q02W8wwY0

Today with #Fierce, we connected women tech founders with 10 VC firms, facilitated VC mentoring, welcomed @Frontlinevc's Zoe Chambers for a candid fireside, and opened up the floor for an AMA. If you're a women tech founder looking to scale, join Fierce: dogpatch.click/mip

Ready to take your startup global? 🌍 Listen to leaders from @londonpartners, @Navan, @TrustVanta, @Frontlinevc, @RSMUSLLP who have successfully expanded and scaled internationally—on why you should go global sooner instead of later. 🚀

Are you a Series A, B, or C startup thinking about going global? 🌍 @LondonPartners, @Navan, @TrustVanta, @FrontlineVC, and @RSMUSLLP shared why London is THE gateway for international expansion, with actionable insights to help you scale. Watch + Listen 🎤 #SFTechWeek

For some reason people like the socks we made. 🧦 So, in the spirit of health is wealth, if you run our 5K with @Frontlinevc on the Tuesday of Saastock, we’ll give you a pair. Sign up here: lu.ma/ed3i1jz2

Proud to share that Kota received 24 badges in our G2 results for Fall 2024, including High Performer in Europe ✨ We've also won in badges like Best Support, Easiest to Use, Easiest Setup, Best ROI, and more 👀 Discover why customers choose Kota: kota.io/G2

Despite all the memes bouncing around the tech echo chamber, don't underestimate the importance of Europe. We looked at the data and I shared my thoughts in this piece for Fortune. fortune.com/europe/2024/07/1…

If you want to learn from some of the companies that cracked the market check out the "Who to Hire" section

🌎Expanding to the US is no walk (or hike) in the park🌎 Launched today, The US Playbook outlines the key challenges B2B founders will face on their journey, and offers frameworks to overcome them — from when and where to land, to who and how to hire 👇 frontline.vc/report/the-us-p…

Introducing The State of Benefits in European Tech report. In partnership with @RavioHQ, Europe's real-time compensation benchmarking platform, we provide an overview of how tech companies across 8 European countries are offering benefits to their teams. kota.io/european-benefits-re…

@Frontlinevc was one of the first VC globally to track gender and diversity data when reviewing portfolios 9 years ago. Spent the morning being a fan to the one I am lucky to share my life daily with for the past 10 years @willmcq . Brilliant event @weareAllBright @CitizenFemme

Coming soon 🤩 the Empowering Equity Mentoring Programme to boost female representation in the investment ecosystem. A platform to connect with like-minded individuals and seek guidance 🙌 We are here for you – stay tuned for the launch! #IWD #EIBAdvisory #InvestEU🇪🇺

⁦@ruth_sheridan_⁩ has been looking at the opportunity to turn services into AI products. Can we 10x the dealers of information and sellers of time and how do startups win here? open.substack.com/pub/arcxhi…

🎉🔬🧪🎉Germany’s DUDE CHEM lands €6.5M for sustainable pharma production. techfundingnews.com/germanys… @DuDeChem_en @b2venture @Frontlinevc @PushUrAdvantage #deeptech #Europe #femaleled #funding #Germany #news #Startups #sustainable

We're hiring our first Investor Relations person. Based in our London office, it's not an investing role but it's a fascinating one. Broad exposure to our VC activities in Europe and the US. The right person may not be in an IR role today. frontlinevc.bamboohr.com/car…