Announcing Encord’s $30 million Series B funding

Encord has raised $30 million in Series B funding to further invest in its multimodal AI data development platform. The company aims to be the final AI data platform a company ever needs, having already assisted over 200 top AI teams with strengthening their data infrastructure. Encord's focus on creating high-quality AI data for training and validation has led to better model performance for its customers. With the new funding, Encord plans to accelerate its product roadmap, continue innovating in the data layer, and launch a new end-to-end data management platform called Encord Index, which will make it easier for users to manage and curate multimodal data at scale. This platform aims to bring ease to data management and governance, enabling AI teams to understand and operationalize large private datasets in a collaborative and secure way.