Scale AI founder and CEO Alexandr Wang will join us at TC Sessions: Mobility on June 9
Last week, Scale AI announced a massive $325 million Series E. Led by Dragoneer, Greenoaks Capital and Tiger Global, the raise gives the San Francisco data labeling startup a $7 billion valuation.
Alexandr Wang founded the company back in 2016, while still at MIT. A veteran of Quora and Addepar, Wang built the startup to curate information for AI applications. The company is now a break-even business, with a wide range of top-notch clients, including General Motors, NVIDIA, Nuro and Zoox.
Backed by a ton of venture capital, the company plans a large-scale increase in its headcount, as it builds out new products and expands into additional markets. “One thing that we saw, especially in the course of the past year, was that AI is going to be used for so many different things,” Wang told TechCrunch in a recent interview. “It’s like we’re just sort of really at the beginning of this and we
Grab a group discount and take your team to TC Sessions: Mobility 2021 – TechCrunch
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The Station: The biggest SPAC ever and reading the micromobility permit tea leaves
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Before jump into micromobbin’ and the rest, I wanted to point you to another Extra Crunch piece, this time a deep dive into second-life batteries. As Aria Alamalhodaei reports:
The average electric vehicle lithium-ion battery can retain up to 70% of its charging capacity after being removed. The business proposition for second-life batteries is therefore intuitive: Before sending the battery to a recycler, automakers can potentially generate additional revenue by putting it to use in another application or selling it to a third party.
Joby Aviation’s JoeBen Bevirt and Reid Hoffman to talk about building a startup, the future of flight and SPACs
Joby Aviation founder JoeBen Bevirt has spent more than a decade developing an all-electric, vertical take-off and landing passenger aircraft an effort that was largely shrouded in secrecy until January 2020 when the company announced a $590 million Series C round of funding that was led by Toyota Motor Corporation (that round later expanded to $620 million).
The buzzy announcements continued with Joby’s acquisition of Uber Elevate and then culminated in February with its bid to become a publicly traded company through a merger with Reinvent Technology Partners, a special purpose acquisition company from well-known investor and LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus.