AI data startup Micro1 reaches $500M gross run rate amid AI training boom

Micro1, a four-year-old AI data startup, has achieved a significant milestone, expanding its gross annual run rate from $100 million to $500 million in the past eight months. This growth is fueled by the high demand for unique AI training data from leading labs and corporations. The company, which hires domain experts like doctors, lawyers, and scientists on a contract basis, retains 60% to 70% of its gross revenue, placing its net annual run rate between $150 million and $200 million.