Accenture Ventures Backs Snorkel AI to Supercharge Data-Centric AI Solutions for Regulated Industries

Accenture Ventures Backs Snorkel AI to Supercharge Data-Centric AI Solutions for Regulated Industries

(IN BRIEF) Accenture Ventures has invested in Snorkel AI to bolster enterprise AI adoption by improving dataset quality for model training and evaluation. Snorkel’s platform automates the conversion of siloed data and domain expertise into high-fidelity datasets, facilitating rapid, secure AI deployments in regulated industries. The two companies will co-create industry-specific data solutions, initially targeting financial services. Executive insights highlight how this collaboration tackles core AI development hurdles—data curation and labeling—and expedites progression from pilot projects to full-scale implementations. Additionally, Snorkel AI will participate in Accenture Ventures’ Project Spotlight accelerator, tapping into Accenture’s technical knowledge and client relationships. The precise terms of the investment were not disclosed.

(PRESS RELEASE) DUBLIN, 7-Aug-2025 — /EuropaWire/ — Accenture (NYSE: ACN), via its investment arm Accenture Ventures, has taken a strategic stake in Snorkel AI to accelerate enterprises’ ability to build and scale AI solutions through the curation of high-quality training and evaluation datasets.

As organizations transition to agentic AI, Snorkel’s core platform automates the transformation of fragmented data and expert knowledge into reliable, AI-ready datasets. This data-centric methodology enables faster and safer AI deployments in complex, regulated sectors. Together, Accenture and Snorkel AI will develop customized, industry-focused solutions—beginning in financial services—so that clients can leverage top-tier training data at scale.

“Clients demand AI solutions that are rapid, secure and tied to measurable business outcomes,” said Tom Lounibos, Global Lead of Accenture Ventures. “Snorkel’s innovative approach addresses a perennial challenge in AI development—creating and validating datasets of sufficient quality. Our investment will help clients move more quickly from pilots to production.”

Jared Rorrer, Accenture’s Americas Banking & Capital Markets Industry Lead, added, “Banks are racing to integrate AI, yet often wrestle with disparate data and labeling challenges. Snorkel bridges this gap by embedding domain expertise directly into data preparation, streamlining the delivery of accurate, scalable AI solutions.”

Alex Ratner, Co-founder and CEO of Snorkel AI, commented, “This partnership represents a milestone in establishing data-centric AI as the cornerstone of enterprise innovation. While interest in agentic AI grows, many firms lack the specialized data and know-how to go beyond prototypes. By uniting Snorkel’s AI data stack with Accenture’s global reach and strategy, we’ll empower organizations—starting in financial services—to deploy tailored AI systems swiftly and confidently.”

Snorkel AI will also join Project Spotlight, Accenture Ventures’ vertical accelerator for data and AI firms, gaining enhanced access to Accenture’s sector expertise and client network. Financial terms of the investment remain undisclosed.

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.

Media Contacts:

Keerthi Goutham
Accenture
keerthi.goutham@accenture.com

Michael McGinn
Accenture
+1 312 693 5707
m.mcginn@accenture.com

SOURCE: Accenture