XDOF Is Pricing a Series B at $1.2 Billion on Revenue Near $50 Million, and Its Series A Is Reported at Two Sizes

XDOF, a robot-training-data company founded in 2024, is in late-stage talks for a Series B at a valuation of about $1.2 billion led by 8VC, TechCrunch reported on September 4. The amount of the round is not disclosed, the terms are not final, and neither TechCrunch nor Dealroom reports a close.

That makes this a priced conversation, not a funded round. It is also the second round in about three months for a company that left stealth only that long before the talks began.

The revenue behind the number

Annualised revenue is approaching $50 million, per TechCrunch. At $1.2 billion, that is a multiple of at least 24 times annualised revenue, and higher while revenue sits below $50 million. The multiple is on a run rate, not on audited sales, and the company has not published either.

XDOF has 20 customers, including frontier A.I. labs, so the average is about $2.5 million a customer if the figures hold. Dealroom, which covered the same talks, says the revenue is what prompted investors to approach the company, not the other way around.

Two sizes for the Series A

The sources disagree on the June Series A, and the headline number depends on which is right.

Source	Series A size	Investors named
TechCrunch, September 4	$70 million	Thrive Capital, Andreessen Horowitz, Lux, Spark Capital
Dealroom	$45.3 million	Not listed in the fetched text

The two figures are $24.7 million apart. Dealroom's own headline carries the $70 million figure while its body says $45.3 million, so the discrepancy is inside one outlet as well. Until XDOF or its investors say which is right, the prior-round figure should be treated as unresolved.

What XDOF sells

Philipp Wu is chief executive and Fred Shentu is chief technology officer, both UC Berkeley researchers, per TechCrunch. The company builds data pipelines, collection tools and annotation systems for robotics developers, using teleoperation and human sensors to record people doing everyday tasks. Dealroom lists folding clothes and flattening boxes.

Dealroom also reports a partnership with UC Berkeley's A.I. research lab on a dataset called ABC. Neither source gives the size of ABC.

Dealroom names Mecka AI, Scale AI and Micro1 as rivals. A different route to robot training is Runway's Praxis-1, which claims a 16.1 centimetre placement error from web video. Its weights are not out, so the claim is untested by anyone outside Runway, and it would only reduce demand for human demonstrations if it holds up.

Who is not in the story

Neither source names the other prospective participants in the Series B, so 8VC's cheque size, and whether Thrive, Andreessen Horowitz, Lux or Spark are taking their pro rata share, is unknown. For a sense of how robotics valuations are being built from small revenue bases, see RobCo's $1 billion mark on a $40 million employee share sale.

The next observable event is a closing announcement or a Form D that states the amount raised. Until one appears, $1.2 billion is a negotiating figure.