Snorkel AI Raises $350M Series E, Valuation Reaches $3.5B

A seven‑year‑old data‑as‑a‑service company has closed a $350 million Series E financing round, boosting its capital to support further expansion of its platform. The new funding round was led by a consortium of venture investors, with participation from several existing shareholders who reaffirmed their confidence in the firm’s growth trajectory.

The capital infusion will be directed toward scaling the company’s data infrastructure, expanding its customer base, and accelerating product development. The startup has positioned itself as a key player in the growing market for real‑time data analytics, offering a suite of services that enable enterprises to ingest, process, and analyze large volumes of data across multiple industries. The Series E round follows a series of prior funding milestones that have helped the company reach a valuation of roughly $4 billion.

With the additional resources, the firm plans to broaden its geographic reach and deepen its technology stack, aiming to capture a larger share of the data‑service market. The move is expected to strengthen its competitive position and accelerate the rollout of new features that cater to the evolving needs of data‑centric businesses.