Encord

Encord, a data infrastructure company for physical AI, has announced a $60 million (£44.3 million) Series C investment led by Wellington Management, bringing the company’s total funding to $110 million.

Summary of transaction details:

• Value: £44.3 million
• Sector: DeepTech & AI
• Advisor: Not disclosed
• Key Entities: Encord, Wellington Management, Y Combinator, CRV
• Location: Not disclosed

Note: This investment round demonstrates the growing interest in AI infrastructure and will likely enable Encord to further develop its physical AI capabilities, with the participation of existing investors and new investors highlighting the confidence in Encord’s technology.