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Scale AI rival Micro1 raises funds at $500 million

Source: CoinWorld
Micro1, a startup that provides AI data annotation and training services, raised $35 million in a Series A funding led by O1 Advisors, with a valuation of $500 million. CEO Ali Ansari, 24, reported that the company's annual recurring revenue (ARR) rose from $7 million to $50 million, with clients including Microsoft and Fortune 100 companies. Former Twitter COO Adam Bain joined the board, highlighting Micro1’s role in providing artificial data to AI labs. The company uses its AI recruitment tool Zara to screen domain experts and is expanding into a virtual training environment.
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