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#8 by ARRSan Francisco, USsurgehq.ai ↗

Surge AI

Surge AI sells expert human data (RLHF, evaluations, RL environments, red-teaming) and a labeling platform to frontier AI labs and enterprises to train and evaluate models.

ARR
$1.4B
as of Aug 2025
Employees
~200
as of Aug 2025
Valuation
~$25B
18× ARR
ARR / employee
$7M
revenue efficiency
About Surge AI

Surge AI, run by founder and CEO Edwin Chen, provides high-quality human-generated training and evaluation data. It uses a platform and a network of vetted expert contractors, including doctors, lawyers and engineers. Customers include Google, OpenAI, Anthropic, Microsoft and Meta. It earns revenue by selling data and labeling services to AI labs. It was bootstrapped and profitable, and reported well over $1B in 2024 revenue. In 2025 it was reported to be in talks to raise up to $1B at a valuation of about $25–30B, its first outside capital.

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