Centerview Is Sole Bank on Meta’s $14 Billion AI Bet (1)

One of the largest-ever investments in a private US company has minted just one investment banking winner: Centerview Partners.

Centerview was the sole bank adviser behind Meta Platforms Inc.’s investment in data-labeling startup Scale AI, which was announced Thursday. The deal values Scale at more than $29 billion, including the money raised, Scale said in a blog post. The size of the investment was $14.3 billion, according to a person familiar with the matter, who asked to not be identified because financial terms weren’t disclosed.

New York-based Centerview, led by veteran dealmakers Blair Effron and Robert ...