Encord raises €50.0M Series C round
27 February 2026· London, United Kingdom· ai_infrastructure, multimodal_ai, data_management, machine_learning_operations, b2b, pure_software
To accelerate product development and support the next phase of physical AI deployment
Competitive Landscape
Direct competitors: Scale AI (Series F, $14B valuation, dominant market leader), Labelbox (Series D, $180M+ raised, targets enterprise multimodal teams), and V7 Labs (Series A, $33M raised, focus on computer vision automation). Legacy incumbents: Appen (publicly traded, pioneer in manual labeling services) and open-source tools like CVAT. Market context: High-growth category shifting from simple annotation to 'Physical AI' data infrastructure and active learning.
About Encord
Stage
Series C
Headquarters
London, United Kingdom
Founded
2020
Team Size
51–200
Sectors
ai_infrastructuremultimodal_aidata_managementmachine_learning_operationsb2bpure_software