Announcing Encord’s $60 million Series C funding

Encord has announced a $60 million Series C funding round led by Wellington Management, bringing its total funding to $110 million, aimed at scaling its AI-native data infrastructure as AI becomes increasingly integrated into the physical world. This funding will support the development of a universal data layer for production-ready AI, addressing challenges in data governance, infrastructure, and transformation that AI companies face as they transition from prototype to production. Encord's technology focuses on ensuring AI models are trained and run on high-quality data, crucial for the reliability of physical AI applications such as autonomous vehicles and delivery drones. Traditional data infrastructure is insufficient for these needs, prompting Encord to offer a platform that manages tasks like data curation, management, annotation, and alignment. As the demand for AI solutions grows, Encord partners with industry leaders like Woven by Toyota, Skydio, and Synthesia, and has seen significant growth in data storage and revenue, underscoring the need for an AI-native data infrastructure to support the next generation of AI applications.