Founder Alexandr Wang left to lead Meta Superintelligence Labs after the deal closed; Jason Droege served as interim CEO until Francis deSouza (former Google Cloud COO/President of Security Products; former Illumina CEO) was named permanent CEO effective Aug 10, 2026 -- a credibility-rebuilding hire. Google, OpenAI, and xAI reportedly cut or reduced contracts with Scale within weeks of the Meta deal, wary of routing data through a Meta-aligned vendor -- a real, tier-1-confirmed headwind against the frozen $29B mark. The company is pivoting toward enterprise/government revenue (DoD 'Project Thunderforge' ~$500M, BP, Mayo Clinic), guiding to >$1B 2026 revenue. No new priced round or IPO filing confirmed since the June 2025 Meta deal; scattered claims online of a 2026 S-1 filing and a 'Series G' trace only to low-quality aggregator sites and are internally inconsistent -- treat the $29B mark as stale and untested by any new money, not as confirmed or markedly changed.
| Round | Date | Valuation | Lead |
|---|---|---|---|
| Series F | 2024-05-01 | $13.8B | Accel |
| Strategic (Meta, 49% non-voting) | 2025-06-12 | $29.0B+110% | Meta (sole investor) |
No upcoming rounds currently reported.
| Status | S-1 Not Filed |
|---|---|
| Notes | Circulating claims of a March 2026 confidential S-1 filing and a 'Series G' at $28-30B trace only to low-quality content-mill sites, are internally inconsistent, and are not corroborated by any tier-1 outlet -- treat all IPO-in-progress claims as unverified. |
| Source | Cross-checked against Bloomberg, Reuters, TechCrunch, The Information, CNBC, Axios -- none corroborate |
These are cited news signals only, not a PrePost prediction — year/valuation forecasting is on the roadmap but not live yet.
Transparent, formula-based composite (not machine-learned) of five signals: raise velocity, round acceleration, secondary premium/discount vs. the last primary round, up-round streak, and freshness of the last known mark.