Accenture Invests in Snorkel AI to Help Financial Services Firms Transform Data into AI Solutions
Accenture (NYSE:ACN) has made a strategic investment, through Accenture Ventures, in Snorkel AI to help enterprises build and scale AI solutions more quickly by curating high-quality datasets for training and evaluating AI models.
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Accenture has made a strategic investment, through Accenture Ventures, in Snorkel AI to help enterprises build and scale AI solutions more quickly by curating high-quality datasets for training and evaluating AI models.
Designed for the era of agentic AI, Snorkel's flagship platform uses automation and repeatable workflows to transform disparate, siloed data and domain knowledge into high-quality data used for training and evaluating AI models. Its data-centric approach allows for faster, safer deployment of AI systems, especially in complex and regulated environments. Accenture and Snorkel AI will also collaborate to build tailored, industry-specific solutions that enable enterprises to use best-in-class training data to build AI solutions at scale, with an initial focus on the financial services industry.
"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. "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, said: "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."
"This partnership marks a major milestone in our mission to make data-centric AI the foundation of enterprise innovation," said Alex Ratner, Co-founder and CEO of Snorkel AI. "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 for data and AI companies. Project Spotlight offers extensive access to Accenture's domain expertise and its enterprise clients, helping startups harness creativity and deliver on the promise of their technology.
Terms of the investment were not disclosed.
About Accenture
Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent- and innovation-led company with approximately 791,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology and leadership in cloud, data and AI with unmatched industry experience, functional expertise and global delivery capability. Our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Song, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients reinvent and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at accenture.com.
About Snorkel
Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI's offerings, including Snorkel Expert Data-as-a-Service and Snorkel Enterprise AI, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI's programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI's platform is used in production by Fortune 500 companies, including BNY and Experian, as well by the U.S. government. Learn more at snorkel.ai and follow us on LinkedIn and X.
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Keerthi Goutham
Accenture
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Michael McGinn
Accenture
+1 312 693 5707
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