Deals
Snorkel AI hits a $3.5B valuation as labs scramble for training data
Snorkel AI raised $350 million in a Series E at a $3.5 billion valuation — nearly triple its $1.3 billion mark from about 17 months earlier — led by Insight Partners and S32, according to TechCrunch and Reuters on 22 September 2026. The company cites an annualized revenue run rate of about $375 million and sells completed datasets and RL environments to AI labs. This is the Snorkel data-demand funding story, not OpenAI’s rumored $1.5T talks, not Mercor, and not Handshake.