Robot data startup XDOF is reportedly negotiating a Series B round that would value the company at $1.2 billion.
The talks come just three months after XDOF exited stealth mode. The size of the raise itself has not been disclosed - only the valuation figure has surfaced. No other details about investors, use of funds, or the company's current revenue have been made public.
A $1.2 billion valuation for a three-month-old public company is a big number, and it says more about investor appetite for robotics infrastructure than about anything XDOF has proven yet. Data is the bottleneck robotics companies keep citing as they try to train models for real-world manipulation, so a startup positioned to supply that data is catnip for VCs chasing the next Scale AI-style category leader.
Whether XDOF can justify that price tag long-term is a separate question from whether investors want in now - and right now, undisclosed dollar amounts attached to eye-popping valuations are becoming their own genre of tech headline.