Company
Venture capital firm founded by Lee Fixel that makes growth-stage investments in technology companies, including AI startups such as Snorkel AI.
Base Power Company raised $1 billion at a $13 billion post-money valuation, according to an August 12, 2026 Not Boring essay by an investor in the company. The account covers one firm, so it prices Base without measuring home storage as a category.
Reality
Insight Partners and S32 led $350 million into a business that ships graded tasks, rubrics and reinforcement-learning environments to frontier labs. The price works out near ten times a company-reported run-rate.
Reality
Insight Partners and S32 co-led the round, and the product they are funding is expert-built agentic environments and rubrics that Snorkel says take qualified humans hours or days to construct.
Perspective Coverage
3 publishersReality
Insight Partners and S32 co-led $350m at a valuation nearly 2.7 times the one Snorkel took in May 2025. The $375m figure underneath it is an annualized run rate, and the company's own launch dates for the service that produced it do not agree.
Reality
The $350m Series E values Snorkel AI at $3.5b, roughly nine times the annualized revenue it reports. What a customer buys now is a written evaluation rubric, a graded dataset and a sandbox to train in.
Reality
A $320 million Series H values the payments company at $11 billion on an autonomous-finance story. Its president says it is still "not the best time" for an IPO.
Reality