Mecka AI nears $500M valuation as new funding round takes shape

Mecka AI, a two-year-old startup building infrastructure for human motion data, is reportedly closing in on a $500 million valuation as a new funding round takes shape. The raise would come just months after the company completed its Series A, signaling unusually fast momentum in a sector that investors are increasingly treating as foundational to the robotics age.

The company’s pitch is straightforward: robots can only be as good as the data they train on, and most of that data today is either synthetic or collected through clunky remote-control methods. Mecka wants to fix that by capturing how real humans actually move through the world.

What Mecka actually does

Mecka’s flagship product is a dataset called Egoverse, which collects first-person human activity data using custom sensors and iPhones. The idea is to record natural, unscripted movement rather than the stilted, choreographed motions that come out of teleoperation setups.

Robotics labs, frontier model teams, and enterprise customers have been signing on to use Egoverse as a training resource for robotic policies. On the strength of those contracts, the company projects an annual recurring revenue run rate of $100 million, though the specific contracts underlying that figure have not been disclosed publicly.

The startup is co-founded by Josh Gao, Mogen Cheng, Jason Chong, and Duy Nguyen, and currently employs between 40 and 60 people, with a significant portion of the team based in Toronto.

The funding trail so far

Mecka closed a $25 million Series A in November 2025, led by Framework Ventures. Then in June 2026, the company announced a $35 million extension to that round, again with Framework Ventures at the helm. Menlo Ventures, SV Angel, Kindred Ventures, and angel investor Ted Xiao also participated across the rounds.

Total funding to date sits at roughly $68 million when early seed capital is included.

The June 2026 extension also came alongside an acquisition. Mecka picked up Docula, a company that complements the startup’s internal video-understanding lab, which processes raw footage into training-ready formats.

Framework Ventures, it is worth noting, is a firm with deep roots in crypto and decentralized infrastructure. Their repeated lead position in Mecka’s rounds is an early signal that the boundary between physical AI infrastructure and crypto-native venture capital is becoming more porous, particularly as data ownership, provenance tracking, and permissioned access to training sets become live commercial questions.

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