Data labeling company Surge AI is reportedly seeking to raise up to $1 billion in funding, targeting a valuation exceeding $15 billion. According to Reuters sources, Surge AI has engaged advisors to facilitate this capital raise. This development follows a reported revenue of over $1 billion for Surge AI in 2024, surpassing the $870 million reported by its competitor, Scale AI. The funding round marks a significant step for Surge AI as it aims to further solidify its position in the competitive data labeling market, crucial for training artificial intelligence models.