Tiger Global led both rounds of $155M and $225.5M respectively.

Scale AI, a startup that labels data for customers building machine learning algorithms, tipped the scales with a $3.5 billion post-money valuation when it raised $155 million in a Series D round led by Tiger Global.  Olive AI Inc, which provides an AI workforce platform to the healthcare industry, closed a $225.5 million funding round, also led by Tiger Global, bringing its valuation to $1.5 billion.

Scale AI

According to the San Francisco Business Times, Scale AI was founded in 2016 but is more than doubling its year-over-year recurring revenue and has already achieved a breakeven run rate.

Its AI platform labels data such as text, voice, images, and video for customers. AI developers at these customers use these inputs to create AI algorithms. The company focuses on high-impact sectors such as autonomous driving, government, and cutting-edge consumer technology.

“As AI has transformed every industry, we’ve continued to see demand for our platform to grow—from e-commerce and AR /VR to relevance & personalization and financial services,” Scale said in a blog post announcing the funding.

Scale’s clients include Pinterest (NYSE: PINS), DoorDash, General Motors (NYSE: GM), Nuro, Toyota (NYSE: TM), and others.

Scale launched its Nucleus product in August to enable seamless collaboration across the full AI development cycle.

Olive AI

Existing investors that participated in Olive’s latest round were  General Catalyst, Drive Capital, and Silicon Valley Bank.

New investors joining were GV, Sequoia Capital Global Equities, Dragoneer Investment Group, and Transformation Capital Partners, according to Crunchbase.

Olive has created a “workforce” of interconnected AI bots that perform mundane, data-driven tasks in hospitals such as prior authorizations, insurance verifications, supply chain, and account updates.

Over 600 hospitals in the U.S. use Olive to increase revenue, reduce costs, and free up employees for higher-value tasks.

Including the current funding, Olive has raised $385 million over the past nine months and $448 million since its inception in 2012.

It will use the new money to boost product development, and more hiring.

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