Scale AI, Inc.
Scale AI is a pioneer in data labelling, the process used to assign context or meaning to data (such as images, audio or text) so that machine learning algorithms can learn from the labels to achieve the desired result. By delivering labelled data at unprecedented quality, scalability and efficiency – Scale AI enables customers to deliver value from AI capabilities and investments faster. The San Francisco-based company provides services to many of the largest AI labs in the world, as well as multinational enterprises and governments.
- Pillar
- Private Investments - Direct
- Theme
- AI & advanced technologies
- Status
- Current investment. Partially exited – received ~1.7x of its original investment back in cash
- Geography
- USA
- Invested date
- April 2021
RIT first invested in Scale AI in 2021 to gain exposure to data labelling, a fastgrowing area of AI. This was an opportunity to invest alongside one of our core partners, Greenoaks Capital, in a business with strong growth in an exceptionally large and fast-growing market. Scale AI had a best-in-class product, high gross margins and a diversified client base offering the potential for meaningful upside in an industry with significant sector tailwinds.
In June 2025, Meta Platforms Inc agreed to acquire a 49% stake in the business for $14.3bn resulting in RIT receiving ~1.7x of its original investment back in cash and a similar amount retained as equity in the ongoing business.
Scale AI is an excellent example of RIT’s access to private investments that are not typically accessible to individual shareholders and our ability to spot transformative technology companies, working with our network of specialist managers built up over decades.