Snorkel AI Series C

The Series C for Snorkel AI lands in that uncomfortable middle ground where you can't call it genius or catastrophe. Lightspeed, Greylock are deploying $138M at $1B, which feels like a price negotiated by people who read the same three analyst reports and decided to split the difference. label the world—that's literally what they're betting on. The enterprise thesis makes sense on a whiteboard, but the execution risk is substantial and the competitive moat is more of a competitive puddle. Will this work? Maybe. Will early investors get liquidity? Eventually. Will anyone remember this deal in five years? Absolutely not.