Funding round
Snorkel AI Seed
Snorkel AI, which works in research-grade dataset development in Redwood City, raised $3.0M in a Seed round announced on 1 Jan 2019. It is Snorkel AI's first venture round on record.
$3.0M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Snorkel AI did not disclose a valuation in this round. It is Snorkel AI's first venture round on record, in the year it was founded (2019). It is under 1% of the $573M Snorkel AI has raised in the venture rounds on record. Snorkel AI raised again 27 months later: a Series B round of $35M in Apr 2021. Its next priced round, a Series C in Aug 2021, valued it at $1.00B.
Snorkel AI's funding rounds
Snorkel AI has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed this round 1 Jan 2019 $3.0M
- Other not a venture round 14 Jul 2020, led by Greylock Partners $15M
- Series B 7 Apr 2021, led by Lightspeed Venture Partners $35M
- Series C 9 Aug 2021, led by Addition and BlackRock $85M$1.00B post-money
- Series D 29 May 2025, led by Addition $100M$1.30B post-money
- Series E 22 Sep 2026, led by Insight Partners and S32 $350M$3.50B post-money
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
70 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $2.1M, and this round was 1.4 times the median. The closest in time, other companies' Seed rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| AI21 Software Development Services | 1 Jan 2019 | $9.5M | not disclosed | not named |
| Software Development Services | 1 Jan 2019 | $6.7M | not disclosed | Forbes |
| Software Development Services | 14 Jan 2019 | $5.0M | not disclosed | Signia Venture Partners |
| Deel Software Development Services | 1 Jan 2019 | $3.9M | $12M | not named |
| Software Development Services | 1 Jan 2019 | $2.9M | not disclosed | DCVC and Spider Capital |
| Software Development Services | 5 Feb 2019 | $2.3M | not disclosed | Dubai Angel Investors and May Nasrallah |
| Software Development Services | 27 Feb 2019 | $2.0M | not disclosed | 2Enable Partners and Hyperplane |
| Software Development Services | 1 Feb 2019 | $2.0M | not disclosed | Duke Capital Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Snorkel AI raise in its Seed round?
Snorkel AI raised $3.0M in its Seed round, announced in Jan 2019.
What was Snorkel AI's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Software Development Services?
70 Seed rounds in Software Development Services within a year either side disclosed an amount; the median was $2.1M, and this round was 1.4 times the median.
Did Snorkel AI raise again after this round?
Yes: a Series B round in Apr 2021 of $35M.