What is Encord, Uses, Alternatives, Features, and Everything You Need to Know
Encord stands at the cutting edge of data annotation, merging precision with collaborative prowess. Step into a world where detailed annotations and intuitive design converge, redefining the landscape of research and AI training. Background Story Encord is a cloud-based platform that helps businesses leverage artificial intelligence (AI) technology and machine learning capabilities to build models and evaluate datasets on a centralized platform. The company was founded in 2020 by Eric Landau, who has a background in applied physics, and Ulrik Stig Hansen. Hansen was working on a master’s thesis project at Imperial College London centered around visualizing large medical image data sets. It was Hansen who initially noticed how time-consuming it was to curate labeled data sets. This led to the creation of Encord, which aims to make it easier for businesses to develop, test, and deploy predictive and generative AI systems at scale. Target Customers Encord’s target customers are businesses that want to leverage AI and machine learning to unlock the value of their data. The platform is designed to be easy to use, with features that allow users to create high-quality training data, leverage active learning pipelines, assess model quality, fine-tune models, and more. The industries it majorly focuses on include: Encord is trusted by pioneering AI teams at RapidAI, Tractable, Stanford Medicine, Memorial, King’s College London, the NHS, the UHN, the Royal Navy, Veo, and many more global companies. What is Databricks, Its Uses, Alternatives, Features, And More to Know Capital Raised and Estimated Revenue Encord has raised a total of $19.6M in funding over 3 rounds. Their latest funding was raised on Oct 13, 2021, from a Series A round. Encord is funded by 8 investors, with Harpoon and Crane Venture Partners being the most recent investors. The company has not disclosed its estimated revenue. Products and Services Encord offers a range of products and services that help businesses leverage AI and machine learning to unlock the value of their data. The platform is designed to be easy to use, with features that allow users to create high-quality training data, leverage active learning pipelines, assess model quality, fine-tune models, and more. Here are some of the key products and services offered by Encord: Quality Automation Image Annotation Natural Language Annotation Speech Annotation Encord’s platform is designed to be flexible and customizable, allowing businesses to tailor their AI and machine learning workflows to their specific needs. The platform supports a wide range of data types, including image, video, DICOM, and SAR data. Encord also offers an API and Python SDK, making it easy for businesses to integrate the platform into their existing workflows. What is Voxel51 and What Is It Used For Competitors Encord’s biggest competitors are: Pros and Cons of Encord Pros User Experience Collaboration & Productivity Annotation Tools Technical & Integration Healthcare Focus Support & Documentation: Cons