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Encord raised $60 million to expand its AI data platform, crucial for robots and self-driving cars, as physical AI grows rapidly.
Encord, a data infrastructure company for physical AI, raised $60 million in Series C funding led by Wellington Management, bringing its total funding to $110 million.
The company’s platform manages complex multimodal data—video, sensors, audio, and 3D point clouds—critical for robots and autonomous vehicles.
Data volume on its platform surged from 1 to over 5 petabytes in 18 months, exceeding the dataset used to train GPT-4, while revenue grew more than tenfold.
Encord serves over 300 AI teams globally, including Woven by Toyota and Zipline.
The company says data readiness—not model size—is the key bottleneck in physical AI, which is poised for massive growth, with over 400 million AI robots expected in four years and the industry projected to exceed $30 billion.
The new funds will expand its platform and global reach.
Encord recaudó 60 millones de dólares para expandir su plataforma de datos de IA, crucial para los robots y los automóviles autónomos, a medida que la IA física crece rápidamente.