Portfolio
2
companies
Encord
Encord builds AI native data infrastructure designed for physical artificial intelligence systems.
Sona
Sona provides workforce management software that combines scheduling, HR, and payroll for shift based teams.
The Series B round was led by N47 with participation from Felicis, Northzone, Gradient, and Italian Founders Fund.
"Every other enterprise software category has been transformed by AI, but the tools managing the world’s largest workforce are still fundamentally the same systems that were built 20 years ago. We had a ten-year plan. AI made it a one-year plan"
Wellington Management led the financing round, which brings total funding to £110m.
"Everyone is focused on building bigger models, but for physical AI, the bottleneck isn't model size. It's data readiness. You can have the most sophisticated model in the world, and it will still fail if the data feeding it is incomplete, inconsistent, or misaligned with real-world conditions. That's the problem we solve."
