Encord builds a universal data layer for AI, concentrating on physical AI applications such as robots, autonomous vehicles, and drones. Its cloud platform ingests and organizes multimodal data—including audio, video, sensor feeds, and 3D point clouds—so teams can curate, annotate, and align datasets across the model lifecycle. The company serves more than 300 customers worldwide, among them Woven by Toyota, Zipline, Skydio, and AXA Financial. Over the last twelve months, data stored on Encord’s platform expanded from 1 PB to over 5 PB, while revenue from physical AI customers grew ten-fold. Analysts project an explosion in physical AI deployments, and Encord positions itself as the infrastructure that readies proprietary data for these systems. The newly raised funds will accelerate product development and support entry into additional markets. With the latest round, Encord’s total funding stands at $110 million.

Total raised

$103M

Funding rounds

3

Latest round

Series C

Latest activity

Feb 2026