Encord Secures $60M Series C Funding
Analysis based on 8 articles · First reported Feb 26, 2026 · Last updated Feb 26, 2026
The market for physical AI is projected to grow significantly, with 400 million AI robots coming online in the next 4 years and the industry exceeding $30 billion. Encord's successful Series C funding positions it as a key infrastructure provider in this expanding market, potentially boosting investor confidence in the broader AI sector.
Encord, a data infrastructure company for physical AI, announced a $60 million Series C funding round led by Wellington Management Company, bringing its total funding to $110 million. Existing investors Y Combinator, CRV, N47, Crane Venture Partners, and Harpoon Ventures, along with new investors Bright Pixel Capital and Isomer Capital, participated. The investment will be used to scale Encord's AI-native data infrastructure platform, which manages, curates, annotates, and aligns multimodal data for physical AI systems like robots and autonomous vehicles. Encord has seen significant growth, with physical AI revenue increasing tenfold and data volume on its platform growing from 1 petabyte to over 5 petabytes in the last twelve months. Co-CEOs Ulrik Stig Hansen and Eric Landau emphasized that data readiness is the bottleneck for physical AI, a problem Encord aims to solve as the industry moves from experimentation to deployment.
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