Scale AI Rival Invisible Technologies Valued at Over $2 Billion (Correct)

Artificial intelligence startup Invisible Technologies, a competitor of Scale AI Inc., is raising $100 million in a new funding round that underscores Silicon Valley investors’ interest in the building blocks of the AI boom.

The 10-year-old startup is valued at more than $2 billion in the deal, according to people familiar with the matter who asked not to be identified discussing private information. A new firm called Vanara Capital led the financing, marking its first public investment since spinning off from private equity firm TPG Inc. in August.

Invisible’s claim to fame is its technology’s role in helping train OpenAI’s ...