Overview
Encord, a data infrastructure platform for physical AI, has raised €50 million ($60 million) in a Series C funding round led by Wellington Management, bringing its total funding to €93 million ($110 million). The funding will accelerate product development and market expansion, addressing the challenge of data readiness for AI systems. Encord supports over 300 AI teams, including notable clients like Toyota and Zipline, and aims to enhance the processing of complex multimodal datasets essential for physical AI applications.
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Investors: Wellington Management
Encord, a data infrastructure platform for physical AI, has raised €50 million ($60 million) in a Series C funding round led by Wellington Management, bringing its total funding to €93 million ($110 million). The funding will accelerate product development and market expansion, addressing the challenge of data readiness for AI systems. Encord supports over 300 AI teams, including notable clients like Toyota and Zipline, and aims to enhance the processing of complex multimodal datasets essential for physical AI applications.