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Building the data backbone for the (artificial) intelligence…
Encord has raised $170.0M across 5 funding rounds.
Key people at Encord.
Encord was founded in 2021 by Ulrik Stig Hansen (Co-Founder & President) and Eric Landau (Founder).
Encord has raised $170.0M in total across 5 funding rounds.
Encord is the leading data platform for AI. We help top AI teams get models into production faster with human-in-the-loop workflows for labeling and RLHF, infrastructure for data-centric model testing, and powerful data curation and management.
Key people at Encord.
Encord was founded in 2021 by Ulrik Stig Hansen (Co-Founder & President) and Eric Landau (Founder).
Encord has raised $170.0M in total across 5 funding rounds.
Encord's investors include Wellington Management, ARCH Venture Partners, Crane Venture Partners, CRV, Harpoon Ventures, Isomer Capital, Next47, Pedro Pinheiro, Y Combinator, Andreessen Horowitz, Fika Ventures, Helium-3 Ventures.
Encord is a multimodal AI data platform designed to unify and streamline the management, curation, and annotation of vast, complex datasets across multiple data types—including images, video, audio, documents, LiDAR, and medical DICOM files. It serves AI, data science, and machine learning teams building physical and multimodal AI models, enabling them to efficiently prepare high-quality training data at scale. By consolidating data workflows on a single platform with AI-assisted labeling, automated quality control, and collaborative tools, Encord accelerates AI model development and deployment, helping teams reduce time-to-market and improve model performance[1][2][3][6].
Founded as Cord Technologies Inc., Encord emerged from the need to overcome bottlenecks in labeling and organizing massive unstructured datasets critical for AI training. The founders, with expertise in AI and data annotation, developed a platform that integrates AI-assisted labeling with human-in-the-loop workflows, initially focusing on computer vision and medical data. Over time, Encord expanded its scope to support multimodal data types such as audio and documents, evolving into the world’s first fully multimodal AI data platform. Key milestones include launching advanced data curation features and releasing the largest open-source multimodal dataset alongside a novel training methodology (EBind) to democratize multimodal AI development[1][7].
Encord rides the accelerating trend of multimodal AI, where models process and integrate diverse data types to achieve more robust and context-aware intelligence. The timing is critical as AI applications increasingly demand complex datasets beyond unimodal inputs, such as combining vision, audio, and textual data for robotics, autonomous vehicles, healthcare, and retail. Market forces favor platforms that can handle data scale, complexity, and quality control efficiently, reducing AI development costs and timelines. By providing a unified, scalable data backbone, Encord empowers startups and enterprises alike to build production-grade AI faster, influencing the ecosystem by democratizing access to multimodal AI capabilities and enabling innovation across industries[1][2][7].
Looking ahead, Encord is poised to deepen its leadership in multimodal AI data infrastructure by expanding platform capabilities, enhancing automation, and fostering an ecosystem around its open datasets and training methodologies like EBind. Trends such as increased adoption of physical AI (robotics, autonomous systems), demand for explainable and fail-safe AI, and the push for democratized AI development will shape its trajectory. Encord’s influence is likely to grow as it continues to reduce barriers for AI teams to manage complex data and iterate rapidly, positioning itself as a critical enabler of next-generation AI innovation and deployment[7][1][2].
Encord has raised $170.0M across 5 funding rounds. Most recently, it raised $60.0M encord in February 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 26, 2026 | $60.0M encord | Wellington Management, ARCH Venture Partners | Crane Venture Partners, CRV, Harpoon Ventures, Isomer Capital, Next47, Pedro Pinheiro, Y Combinator |
| Aug 1, 2024 | $30.0M Series B | Next47 | Andreessen Horowitz, CRV, Fika Ventures, Helium-3 Ventures, Index Ventures, IVP, Lobby Capital, SignalFire, The Community Fund, Thirty Five Ventures, Ding Zhou, Matt Bellamy, Michael Stoppelman, Steve King, Crane Venture Partners, Y Combinator |
| Oct 1, 2021 | $15.0M Series A | CRV | Fika Ventures, Index Ventures, SignalFire, The Community Fund, Ding Zhou, Michael Stoppelman, Steve King, Crane Venture Partners, Harpoon Ventures, YC Continuity |
| Jun 1, 2021 | $5.0M Seed | 2xN, Alven, CRV, Dig Ventures, Fika Ventures, Index Ventures, Lifeline Ventures, RTP Global, SignalFire, The Community Fund, Alexander Algard, Ding Zhou, Michael Stoppelman, Steve King | |
| $60.0M Encord | Wellington Management |