XDOF is in late-stage talks for a Series B financing round that could place its value around $1.2 billion, according to people familiar with the matter.

ChainCatcher reports that 8VC is leading the round, though final terms have not been set and could change.

The company was founded in 2024 by University of California, Berkeley researchers Philipp Wu, who serves as CEO, and Fred Shentu, the CTO.

XDOF collects real-world teleoperation data to train general-purpose robots.

XDOF previously raised $70 million in a Series A from Thrive Capital, Andreessen Horowitz, Lux, and Spark Capital.

The company had not planned to raise again so soon, but rapid growth and annualized revenue approaching $50 million drew interest from multiple venture firms.

The exact size of the new round was not disclosed, and it was not confirmed whether the reported $1.2 billion valuation includes the new capital.