Scale AI, Inc. (“Scale”), a company focused on humanity-first AI, announced a significant new investment from Meta Platforms, Inc. (Nasdaq: META), valuing Scale at over $29 billion. This agreement not only involves a substantial financial injection but also expands the commercial relationship between Scale and Meta, aiming to accelerate the deployment of Scale’s data solutions. The announcement, published on June 12th, 2025, also includes a major leadership change: Scale’s founder and CEO, Alexandr Wang, is joining Meta to contribute to Meta’s AI efforts. Wang will maintain his role as a director on the Scale Board of Directors, continuing to support the company’s mission to unlock the power of AI while prioritizing human values.

In light of Wang’s transition, Scale’s Board of Directors has appointed Jason Droege, the company’s Chief Strategy Officer, as Interim Chief Executive Officer. Droege, who joined Scale in September 2024, brings over two decades of experience from leading prominent technology companies such as Uber Eats and Axon, where his leadership was crucial for growth and achievements with AI labs and enterprise customers. The proceeds from Meta’s investment will be used by Scale to accelerate innovation, strengthen strategic partnerships with customers, and distribute substantial liquidity to Scale shareholders and vested equity holders, allowing them to remain ongoing equity holders. Following this investment, Meta will hold a minority stake in Scale, which will remain an independent leader in AI, dedicated to providing industry-leading AI solutions and safeguarding customer data. Scale emphasizes its commitment to partnering with leading AI labs, multinational enterprises, and governments to deliver expert data and technology solutions throughout AI’s evolution.

Alexandr Wang expressed his enthusiasm for AI as a revolutionary technology with boundless possibilities. He stated that Scale serves as a bridge between human values and technology, helping customers realize AI’s full potential, and views Meta’s investment as a recognition of Scale’s accomplishments and a reaffirmation of its limitless future. Wang conveyed his confidence in Jason Droege’s ability to lead Scale’s next phase, assuring customers of continued high-quality data and customized AI applications. Jason Droege echoed this sentiment, highlighting Meta’s investment and the expanded commercial agreement as a testament to the Scale team’s dedication and the immense future opportunities. He affirmed Scale’s leadership in accelerating AI development by driving change and building a robust foundation to address AI’s data challenges. Droege is committed to working with the team to fulfill Wang’s vision of making AI accessible and beneficial to everyone, and to continue partnering with customers to build transformative AI solutions.

Jason Droege is a distinguished technology executive and entrepreneur. Before joining Scale, he was a Venture Partner at Benchmark, an investment firm where he collaborated with portfolio founders, particularly in building consumer businesses. He previously founded Uber Eats, growing it into one of the world's largest marketplaces with a $19 billion gross merchandise volume run rate by his departure in 2020. Earlier in his career at Taser (now Axon Enterprise, Inc.), Droege was instrumental in developing the company’s cloud strategy, transitioning it into a hybrid hardware and software business. He is an alumnus of the University of California, Los Angeles (UCLA).

Advisors for this transaction included Wilson Sonsini Goodrich & Rosati as legal advisor to Scale, Centerview Partners LLC as financial advisor, and Joele Frank as Scale’s strategic communications advisor.

Scale AI, founded in 2016 and headquartered in San Francisco, delivers high-quality data for AI development through its Data Foundry and provides technology solutions that enable enterprise and public-sector customers to build, deploy, and oversee AI applications. The company’s core mission is to align AI with human values, accelerating progress while ensuring the necessary oversight to strengthen human sovereignty.