Updated 8 Nov 2026
AI data company valuations in 2026, against revenue.
The newest completed valuation of 16 companies that sell AI developers data, expert work, labeling, RL environments or evaluations, largest first, led by Scale AI at $29B. Set against the revenue on record before each: Scale AI at 33 times its revenue on record, AfterQuery at 32, Arena at 31, Mercor at 20 and Invisible Technologies at 15 or more.
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Every valuation on record
Newest completed valuation per company, largest first; the multiple is the valuation over the revenue on record in the year before it.
| # | Company | Valuation | Set by | Against revenue | Since first |
|---|---|---|---|---|---|
| 1 | Scale AI | $29B | Jun 2025, Meta's investment | 33 times $870M | up to 29 times in 6 years |
| 2 | Applied Intuition | $15B | Jun 2025, Series F | no revenue on record | up 12 times in 5 years |
| 3 | Mercor | $10B | Oct 2025, Series C | 20 times $500M | up 40 times in 13 months |
| 4 | micro1 | $4B | Oct 2026, an employee tender | 4 times $1B | up 133 times in 3 years |
| 5 | Handshake AI | $3.5B | Jan 2022, Series F | no revenue on record | up to 2.3 times in 8 months |
| 6 | Snorkel AI | $3.5B | Sep 2026, Series E | 9.3 times $375M | up 3.5 times in 5 years |
| 7 | AfterQuery | $3.2B | Sep 2026, a funding round | 32 times $100M | up 11 times in 5 months |
| 8 | Arena | $3.1B | Oct 2026, Series B | 31 times $100M | up 82% in 9 months |
| 9 | Turing | $2.2B | Mar 2025, Series E | 7.3 times $300M | up 2 times in 3 years |
| 10 | Invisible Technologies | over $2B | Sep 2025, a growth round | at least 15 times $134M | one valuation on record |
| 11 | Labelbox | $1.3B | Oct 2026, Series E | no revenue on record | one valuation on record |
| 12 | Mechanize | $500M | Apr 2026, a funding round | no revenue on record | one valuation on record |
| 13 | Mecka | about $500M | Sep 2026, Series B (Sequoia-led; terms then not final) | about 5 times $100M | one valuation on record |
| 14 | Vals AI | $400M | Aug 2026, Series A | no revenue on record | one valuation on record |
| 15 | Proximal | $300M | Sep 2026, a funding round | 1.5 times $200M | one valuation on record |
| 16 | Kled | $100M | Dec 2025, a valuation | no revenue on record | one valuation on record |
- Valuation.
- As the company, its investors or a named outlet stated it; 'over' where the source gives a floor. A valuation only in talks is not counted, and a business that is mostly something else is left out, since its valuation is the whole business's.
- Against revenue.
- Our arithmetic: the valuation divided by the twelve-month revenue on record in the year before it (the rankings' reading: a run rate, a year, or quarters added up). A human data company's revenue includes what it pays its experts.
Valuation histories
Every valuation on record for each company with two or more, each against the revenue before it.
- Scale AI valuation history: 5 valuations, up to 29 times in 6 years
- Applied Intuition valuation history: 4 valuations, up 12 times in 5 years
- Mercor valuation history: 3 valuations, up 40 times in 13 months
- micro1 valuation history: 4 valuations, up 133 times in 3 years
- Handshake AI valuation history: 2 valuations, up to 2.3 times in 8 months
- Snorkel AI valuation history: 3 valuations, up 3.5 times in 5 years
- AfterQuery valuation history: 2 valuations, up 11 times in 5 months
- Arena valuation history: 2 valuations, up 82% in 9 months
- Turing valuation history: 2 valuations, up 2 times in 3 years
The questions people ask
- Which AI data company has the highest valuation?
- Scale AI, at $29B (Jun 2025, Meta's investment), then Applied Intuition at $15B and Mercor at $10B, by newest completed valuation on record.
- How are AI data companies valued against their revenue?
- Of the 10 with revenue on record in the year before their newest valuation: Scale AI at 33 times its revenue on record, AfterQuery at 32, Arena at 31, Mercor at 20 and Invisible Technologies at 15 or more. Our arithmetic: the valuation divided by that twelve-month revenue, often a run rate that includes what the company pays its experts.
- Which valuations are counted?
- A valuation a company or its investors announced, or a named outlet reported, set by a round, an investment or a share sale. One a company was only in talks to raise at is not counted, nor an estimate site's figure.
Cite this
AIData.Broker, “AI data company valuations in 2026, against revenue”, reviewed 8 Nov 2026. https://aidata.broker/best/valuations
Free to reuse under CC BY 4.0 if you credit AIData.Broker and link to this page. Each row names the publication that stated it, and words quoted from a source keep that source's own terms.