Insurance
Home›Insurance›Industry & Deals›Snorkel AI raises $350 million at a $3.5 billion valua…
Snorkel AI raises $350 million at a $3.5 billion valuation
The funding follows QBE Ventures participation in 2024, when QBE said it was using Snorkel Flow to prepare data for machine learning in claims and underwriting.
Snorkel AI, a Redwood City, California-based artificial intelligence company founded in 2019, raised $350 million at a $3.5 billion valuation, nearly three times its valuation from May 2025, Coverager reports.
The round was led by Insight Partners and S32, with participation from Addition, Greylock, and Wells Fargo. The company has now raised $585.25 million in total funding, according to Coverager.
Coverager reports that QBE Ventures invested in Snorkel AI in 2024. At the time, QBE said its North American teams were using Snorkel Flow to prepare company data for machine learning applications in claims and underwriting, and that the companies planned to develop AI tools for insurance use cases.
Snorkel AI markets its AI Data Development platform as enabling enterprises to develop and operationalize AI systems, aiming to speed up AI development by turning manual processes into programmatic solutions, Coverager said.