BusinessTechCrunch
DeepL, an AI language translation startup, raised $300 million on a $2 billion valuation; Scale AI, a data-labeling platform for machine learning models, secured $1 billion as its valuation nearly doubled to $13.8 billion; and H, a fledgling French startup working on its own frontier models, raised an eye-watering $220 million seed round at an undisclosed valuation (though it surely takes H comfortably into unicorn territory). While all the usual institutional investors are present, such as Accel, Index, and Y Combinator (YC), these investments really underscore the corporate clamber to get in on the action while keeping regulators at arm's length. Take Scale AI, a company that had so far attracted purely institutional and angel investors from its inception in 2016 through its Series E round in 2021.