Encord raises €50M to build the data layer for physical AI

London-based data infrastructure startup Encord has closed a €50 million ($60 million) Series C funding round, led by Wellington Management, with participation from existing backers including Y Combinator, CRV, N47, Crane Venture Partners and Harpoon Ventures, alongside new investors Bright Pixel Capital and Isomer Capital.

The round brings total capital raised to about €93 million ($110 million) since the company’s founding.

The investment arrives at a moment when artificial intelligence is extending beyond text and images into the physical world, powering robots, autonomous vehicles, drones and other intelligent machines.

Encord positions itself at the heart of that shift by building a unified data infrastructure designed specifically for physical AI use cases, where complex, multimodal datasets are the fuel that enables models to perform reliably in real-world environments.

Physical AI systems generate and depend on extremely rich data. Unlike large language models trained on static text, autonomous ...