Scale AI partners with the US Pentagon
Weekly Edition & Stock Spotlight
February 16, 2024
ApeVue50 Index & Sectors 1Y Performance
Most Active Names Performance
* Price (USD) estimated based on secondary market activity observed by ApeVue. Valuation is estimated based on said price and share count from state filings and/or news in the public domain. Note that share count in calculations may change as new filing documents are obtained.
ApeVue50 Privates versus Public Benchmarks/ETFs
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Public v. Private (12mo)
The ApeVue50 tracks the performance of the 50 most active private names observed in the secondary market. It is an equal-weighted index, rebalanced on a monthly basis.
This rebalancing of constituents over time gives way for more active names to participate in what we observe as "market performance," and in a more appropriate manner than static selections and weightings criteria.
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Data AI SaaS
Scale AI provides an end-to-end solution to manage the entire ML lifecycle. The platform allows enterprises to transform raw data into high-quality training data by combining human review and machine learning powered pre-labeling. The platform also has the capability to manage dataset, perform testing, and evaluate and compare models enabling data curation.
To date, Scale.ai has worked with an incredible volume of data, with over 7.7 billion data points annotation and more than 1 billion 2D and 3D scenes labeled. The company has a wide range of clients, including companies specializing in generative AI, U.S. government agencies, enterprises, and startups.
Latest News and Updates on Scale AI
Introduction of the GenAI Platform - Scale.ai released their Scale GenAI Platform to help businesses build, test, and deploy Generative AI models more effectively. Learn more about the product updates by clicking here.
Scale AI's Involvement in the US AI Safety Consortium - Scale AI has recently become a part of the US AI Safety Consortium. The company aims to help develop guidelines around AI applications that prioritizes safety. Click here to learn more about the collaboration.
Scale AI Ends Deal with TikTok Over Security Concerns - The company initially struck a deal with TikTok for data labeling. However, due to raising concerns, they decided to cancel the agreement shortly after it started, prioritizing its focus on national security and government contracts. Click here to read more.
Scale AI's Financial Data
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Series E Valuation
<span class="date">2021-04-07</span>
<span class="value">$7.3B</span>
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Implied Valuation
<span class="date">2024-02-12</span>
<span class="value">$7.58B</span>
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Change Since Last Round
<span class="date">2021-04-07 → 2024-02-12</span>
<span class="value green">+3.86%</span>
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Scale AI Private Comparables
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ROI 6M Series:
AV50, Scale.ai, Financial and Payments
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ROI for Period 30D, 60D, 90D, 180D:
AV50, Scale.ai, Financial and Payments
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Volatility 180D, 90D, 60D, 30D, 0D: AV50, Scale.ai, Financial and Payments
Volatility of composite price on x days before 2024-02-12.
30D Change in AV’s Composite Price for Data companies
ApeVue highlights change in ApeVue’s composite price between 2024-01-14 and 2024-02-12 for data companies.
- ThoughtSpot has the highest increase in price from $7.85 to $11.33.
- Databricks and Scale.ai have negligible changes in price.
- Tanium has the highest decrease in price from $5.98 to $4.11.
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90D Bid:Ask Volume Ratio
ApeVue highlights bid to ask volume ratio between 2023-11-15 and 2024-02-12.
- All companies except for ThoughtSpot, Arctic Wolf, Netskope, Cribl, Neo4j, and Tanium have higher ratio of ask volume compared to bid volume.
- Notably, H20.ai has 100% ask volume, and Tanium has 100% bid volume.
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Volatility of AV’s Price
ApeVue highlights the volatility of ApeVue’s composite price on 2024-02-12 for thirteen data companies:
- Among the selected companies, Netskope had the highest volatility at 38%, followed by Celonis at 36%.
- Conversely, Scale.ai had the lowest volatility at 7%.
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