Encord has secured a $30M Series B investment to innovate AI data management and preparation solutions, enhancing efficiency for advanced multimodal AI teams.

Information on the Target

Encord is a cutting-edge AI data development platform focused on enhancing advanced vision and multimodal teams. Founded by Eric Landau and Ulrik Stig Hansen, Encord leverages automation to streamline the data preparation process essential for training AI models. Their technology significantly reduces the time and labor traditionally required for preparing large datasets, enabling organizations to bring their models to production more quickly.

During their own experiences with deploying machine learning models, the founders identified critical weaknesses in legacy data preparation methods, which commonly rely on extensive manual labor. Encord aims to address these inefficiencies by providing automated tools that ensure AI teams can effectively manage and prepare the necessary data.

Industry Overview in the Target’s Specific Country

The global market landscape for AI is undergoing a transformative shift, with sectors like manufacturing, agriculture, transportation, and healthcare increasingly adop