Mecka AI Closes a $60 Million Series B and Leaves the $500 Million Valuation Unconfirmed

Mecka AI, a two-year-old company that pays people to film everyday tasks so robots can learn from them, announced a $60 million Series B on Oct. 7, led by Sequoia Capital. BetaKit's report of the announcement does not confirm a valuation.

That omission matters because the number that will travel is not Mecka's. TechCrunch reported on Sept. 11 that Sequoia was nearing a deal at a $500 million valuation, and its Oct. 7 story repeats that without confirming the final terms. RuntimeWire called the figure a proposed price rather than a completed financing. Whether it is pre-money or post-money has not been reported by anyone.

Who is in the $60 million round

New investors are Nvidia, Qualcomm's venture arm, Microsoft's M12 and Samsung. Kindred Ventures, Framework Ventures and Neo returned. BetaKit lists three individuals as well: Tony Xu, co-founder and chief executive of DoorDash, Frank Slootman, the former chief executive of ServiceNow and Snowflake, and Milan Kovac, formerly head of Tesla Optimus.

Mecka is domiciled in the United States, runs offices in Toronto and New York, and has most of its staff in Toronto, per BetaKit. Three of its four co-founders are Canadian. RuntimeWire names the founders as Josh Gao, Mogen Cheng, Jason Chong and Duy Nguyen, though none of the pieces read for this story gives their titles.

What Mecka sells, and the numbers it supplies

Mecka collects first-person video from home settings, kitchens, chemistry labs, metal fabrication and leather shops, captured with body sensors and iPhones, then converts it into training data. TechCrunch says it pays people to record tasks such as making coffee or fixing cars. BetaKit's report does not say how contributors are paid, and no rate appears in any of the pieces read for this story.

The company says it passed a $100 million run-rate in June and expects $300 million by the end of 2026. Those are company claims. BetaKit says its customers are described only as frontier robotics labs and Big Tech firms, with none named.

1. Passed in June 2026100 $M
2. Expected by end of 2026300 $M

Source: BetaKit, Oct. 7, 2026 (company-supplied, unaudited)

The implied multiple against XDOF

If the $500 million figure holds and the June run-rate is real, the valuation is five times run-rate, and under two times the year-end target. That is a thin multiple for a company growing at the pace Mecka describes, which is a reason to wait for the terms rather than to read the figure as cheap.

The closest comparable is XDOF, a robot-data company that TechCrunch reported on Sept. 4 was in talks for a Series B at about $1.2 billion, with annualized revenue approaching $50 million. That is roughly 24 times revenue. XDOF collects teleoperation data rather than egocentric video, so the two are loose comparables. XDOF's own figures are also unconfirmed: TechCrunch could not learn the round size.

Company	Reported valuation	Revenue claim	Multiple
Mecka AI	about $500 million (unconfirmed)	$100 million run-rate, June	about 5x
XDOF	about $1.2 billion (talks)	nearing $50 million annualized	about 24x

Mecka's earlier funding was a $25 million Series A in November and a $35 million extension over the summer, which together make $60 million, the same figure as this round. By those figures Mecka has raised $120 million in total. It also acquired Vancouver-based Docula, per BetaKit.

The same capital pattern shows up elsewhere in physical A.I.: Helm.ai said it had $70 million in signed contracts and named no customer, and Oratomic's $475 million Series B arrived three months after its Series A. Mecka's next test is whether it names a buyer. Until a filing or a customer confirms the $100 million, the defensible statement is that Mecka has closed $60 million.