XDOF Engages in Series B Funding Talks at $1.2 Billion Valuation
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XDOF, a startup specializing in real-world teleoperation data for training robots, is in advanced discussions for a Series B funding round, aiming for a valuation of approximately $1.2 billion. The funding is reportedly led by 8VC, following the company's rapid growth and annualized revenue nearing $50 million.
The significance of this funding round lies in XDOF's role in addressing a critical bottleneck in robotics: the lack of large-scale real-world datasets. Co-founded by UC Berkeley researchers Philipp Wu and Fred Shentu, XDOF aims to provide outsourced data solutions for the robotics industry, similar to what Scale AI offers for AI applications.
Looking ahead, XDOF is set to release what it claims is the largest collection of high-quality robot training data, known as ABC, in collaboration with UC Berkeley's AI Research lab. The startup is also planning to expand its workforce of data collectors globally, which will enhance its capabilities in generating essential training data for robots. No further timeline was disclosed at the time of publication.
Original report
XDOF, just three months out of stealth, is in talks for a Series B at a $1.2B valuation
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