Accenture has made a strategic investment in Snorkel AI through Accenture Ventures to help enterprises, particularly in financial services, build and scale AI solutions faster by curating high-quality datasets for model training and evaluation. Snorkel AI’s platform leverages automation and repeatable workflows to convert fragmented and siloed data into AI-ready datasets, supporting secure, efficient AI deployment in complex and regulated industries. The two companies will collaborate on developing tailored, industry-specific AI solutions, with an initial focus on banking and capital markets.
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“Our clients are looking to harness AI in ways that are fast, secure, and aligned to real business outcomes,” said Tom Lounibos, global lead for Accenture Ventures. Jared Rorrer, Accenture’s Americas Banking & Capital Markets lead, noted that Snorkel’s platform enables banks to embed expert knowledge into AI development, streamlining data preparation and improving accuracy. Alex Ratner, CEO of Snorkel AI, added, “This partnership marks a major milestone in our mission to make data-centric AI the foundation of enterprise innovation.” As part of the deal, Snorkel AI will also join Accenture Ventures’ Project Spotlight, gaining access to Accenture’s deep industry expertise and client network. Terms of the investment were not disclosed.
