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About Encord
Industries
Data & Analytics
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$45.8M
Headquarters
London, United Kingdom
Founded
2020
Overview
Encord specializes in providing a data platform focused on advanced computer vision technology. The platform offers tools that help businesses manage their data labeling and workflow processes efficiently. It allows AI teams to create high-quality 'Ground Truth' data significantly faster, which is crucial for training AI models. Encord combines technology with human expertise to ensure the accuracy and quality of data management services. Unlike many competitors, Encord supports various computer vision modalities, including images, videos, and medical imagery, and offers features like one-click automated labels and customizable workflows. The goal of Encord is to empower businesses to effectively manage and utilize their visual data, enhancing their AI capabilities.
Simplify's Take
What believers are saying
- Encord raised $30M in Series B funding, indicating strong investor confidence.
- The AI data annotation market is projected to reach $3.6 billion by 2027.
- Encord's launch of SAM 2 shows agility in adopting cutting-edge AI models.
What critics are saying
- Encord faces competition from established players like Scale AI and emerging startups.
- Generative AI's rise may shift investor focus away from predictive models.
- AI-generated content and deepfakes could lead to regulatory challenges for Encord.
What makes Encord unique
- Encord offers a unified platform for vision and multimodal AI development.
- The platform integrates human-centric workflows for efficient data labeling and curation.
- Encord provides tools for active learning, enhancing model performance and data quality.
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Funding
Total Funding
$45.8M
Below
Industry Average
Funded Over
3 Rounds
Y CombinatorIndustry standards
Benefits
Social events
Flexible hours
Hybrid work
Fresh equipment & gear
Health insurance
Generous PTO
Visa sponsorship
Team lunches
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↑ 2%2 year growth
↓ -1%In April 2023, Encord introduced the original SAM model to its platform a mere few days after its initial release.
Encord also launched Encord Index, an end-to-end data management tool that allows customers to visualize, search, sort, and control their internal data that will be used to train and create AI models.
AI data annotation platform Encord, also known as Cord Technologies Inc., has raised $30 million in a Series B round led by Next47, with participation from Y Combinator, CRV, and Crane Venture Partners. Encord's platform automates data preparation and annotation using AI, aiming to streamline AI model training. The company competes in a growing industry expected to reach $3.6 billion by 2027, facing rivals like Scale AI, Datasaur, Dataloop, and Soda Data.
Today, we are excited to announce that Encord has raised $30 million in Series B funding to invest fully in the future of multimodal AI data dev
Encord secures $30M in Series B funding and introduces Encord Index to automate AI data curation and management.
Encord is Hiring for 44 Jobs on Simplify!
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About Encord
Industries
Data & Analytics
AI & Machine Learning
Company Size
51-200
Company Stage
Series B
Total Funding
$45.8M
Headquarters
London, United Kingdom
Founded
2020
Encord is Hiring for 44 Jobs on Simplify!
Find jobs on Simplify and start your career today