Surge AIrevenue, valuation & funding
Data Labeling SoftwareSan Francisco, CaliforniaFounded 2018CEO Edwin Chen
Surge AI is a Data Labeling Software company based in San Francisco, founded in 2018.
Surge AI revenue
Surge AI's annual revenue was $1.2B in December 2024 (Press & News), the most recent reported figure.
| As of | Revenue | Source |
|---|---|---|
| Mar 2020 | $1M | – |
| Dec 2024 | $1.2B | Press & News |
| Aug 2025 | $1.4B | – |
– source not recorded
Surge AI valuation
Surge AI has not raised money in a priced round. Its last valuation on record, $20B, was set by a secondary sale of existing shares in July 2025.
Surge AI funding rounds & investors
Surge AI has raised $25M in one round: a Seed in May 2025.
| Date | Round | Raised | Source |
|---|---|---|---|
| May 2025 | Seed | $25M | en.wikipedia.org |
| Total raised | $25M |
Not counted as funding
- Secondary share sale (not new capital) at a $20B valuation Jul 2025
Surge AI competitors
Surge AI competes most directly with Scale AI, sama.com, Snorkel AI, Turing and 1 other.
| Company | Revenue | Funding | Employees | Founded |
|---|---|---|---|---|
 Scale AI | $2B | $1.6B | 5,779 | 2016 |
| Surge AI | $1.2B | $25M | 121 | 2018 |
 sama.com | $470.6M | – | 4,278 | 2008 |
 Snorkel AI | $375M | $235.3M | 776 | 2019 |
 Turing | $300M | $249M | 4,314 | 2018 |
 Labelbox | $50M | $110M | 551 | 2018 |
#2 of 92 Data Labeling Software companies by revenue · category median $2.8M · See the ranking
Surge AI CEO, founders & employees
Edwin Chen founded Surge AI in 2018 and runs it as CEO. Surge AI has 121 employees (June 2025, LinkedIn).
- Edwin ChenCo-founder & CEO
Surge AI FAQ
How much money does Surge AI make?
The most recent reported figure is $1.2B in annual revenue, from December 2024.
How much is Surge AI worth?
Companies don't publish a net worth. The closest figure is Surge AI's valuation: $20B, set in Jul 2025.
Who owns Surge AI?
Surge AI is privately held by its founders, employees and investors.
Is Surge AI publicly traded?
No. Surge AI is a private company, so its shares are not listed on a stock exchange.
How much funding has Surge AI raised?
$25M across 1 round; the latest was a $25M Seed in May 2025.
Who is the CEO of Surge AI?
Edwin Chen, a co-founder.
Who founded Surge AI?
Edwin Chen, in 2018.
How many employees does Surge AI have?
About 121 as of June 2025 (LinkedIn).
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How this page is sourced
3 from public sources. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Oct 13, 2026Data disclaimerReport a correctionClaim this profileRun Surge AI? Join the podcast