Accenture, through its Accenture Ventures arm, has made a strategic investment in Snorkel AI to enhance the speed and quality of AI solution development for enterprises by improving data curation for AI model training and evaluation, with an initial focus on the financial services sector.
Snorkel AI’s flagship platform, designed for agentic AI, utilizes automation and repeatable workflows to transform disparate data and domain knowledge into high-quality datasets essential for training and evaluating AI models. This data-centric approach facilitates faster and safer deployment of AI systems, particularly within complex and regulated environments.
Accenture and Snorkel AI will collaborate to develop tailored, industry-specific solutions, initially targeting the financial services industry, enabling enterprises to build AI solutions at scale using best-in-class training data.
Tom Lounibos, global lead for Accenture Ventures, stated, “Our clients are looking to harness AI in ways that are fast, secure, and aligned to real business outcomes. Snorkel’s unique approach solves one of the most persistent pain points in AI development—high-quality datasets for training and evaluation of AI models. This investment can help our clients move from experimentation to impact more quickly.”
Jared Rorrer, Accenture’s Americas Banking & Capital Markets industry lead, added, “As banks accelerate their adoption of AI, the ability to generate high-quality, accurate insights from disparate data sources has become a strategic imperative. Yet unlocking business value remains challenging, as financial institutions often struggle with correctly interpreting and labeling their data. Snorkel addresses this gap by enabling organizations to embed expert knowledge directly into the AI development process, with its advanced data preparation platform streamlining the curation and delivery of AI-ready data, allowing banks to build more accurate, scalable, and secure AI solutions.”
Alex Ratner, Co-founder and CEO of Snorkel AI, commented, “This partnership marks a major milestone in our mission to make data-centric AI the foundation of enterprise innovation. As momentum builds around agentic AI, most enterprises still lack the domain-specific data and expertise needed to move from prototype to production. By combining Snorkel’s unified AI data development stack with Accenture’s enterprise reach and AI strategy, we’re enabling organizations—starting with financial services—to build and deploy specialized AI systems with confidence and speed.”
Snorkel AI will also join Accenture Ventures’ Project Spotlight, a vertical accelerator program for data and AI companies. Project Spotlight offers participating startups access to Accenture’s domain expertise and its enterprise client network, supporting them in realizing the potential of their technology.
The specific terms of the investment were not disclosed.
Snorkel AI, which originated from the Stanford AI Lab, develops the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Its offerings, including Snorkel Expert Data-as-a-Service and Snorkel Enterprise AI, are designed to expedite the evaluation and tuning of specialized AI systems using expert data, assisting teams in moving from prototype to production through programmatic data development technology. The platform is currently in production use by Fortune 500 companies, including BNY and Experian, and by the U.S. government.
