Encord announced a US$60 million Series C led by Wellington Management that brought total funding to US$110 million, with existing and new investors participating, the company said on 26 February 2026.
Data infrastructure for physical AI and multimodal labelling is attracting growth capital as robotics and vision programmes scale. Buyers still need annotation quality controls, privacy handling and export paths from any single platform.
Encord sells a data platform for AI development. The company cited platform data growth from 1 to over 5 petabytes and 10× physical-AI customer revenue growth over twelve months.
ML ops leaders should demand quality and throughput pilots on their own datasets — before treating any Series C as a completed data-platform strategy.