Encord

Data platform for computer vision workflows

London, England, United Kingdom

About Encord

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 quality of data management services, making it distinct from competitors. The platform supports various types of visual data, including images, videos, and medical imagery, and features automated labeling and customizable workflows that integrate human input. The goal of Encord is to streamline the data management process for AI teams, enabling them to scale their projects effectively while maintaining high standards of quality.

London, United KingdomHeadquarters
2020Year Founded
$45.8MTotal Funding
SERIES_BCompany Stage
Data & Analytics, AI & Machine LearningIndustries
51-200Employees

Benefits

Social events
Flexible hours
Hybrid work
Fresh equipment & gear
Health insurance
Generous PTO
Visa sponsorship
Team lunches

Risks

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.

Differentiation

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.

Upsides

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.

Funding

Total raised$45.84 M
Latest valuation$150.00 M
StageSERIES_B