Scale AI is seeking a valuation as high as $25 billion in potential tender offer, according to sources

Startup Scale AI is seeking a valuation as high as $25 billion in a potential tender offer as it seeks to capitalize on investors’ voracious demand for AI startups, according to multiple sources who have seen the deal.

The buzzy data-labeling startup was last valued at $13.8 billion in a $1 billion Series F funding round led by Accel last year.

A spokesman for Scale AI declined to comment.

A tender offer is when investors and or the company buy shares from existing…