Synopsis
This round of funding for the startup, founded in 2024 by AI researchers, including former Google DeepMind scientists, and focussed on developing advanced AI models for robots, comes just four months after the last fundraise. Existing investors Thrive Capital and Lux Capital may participate in the round. Per reports, while Founders Fund is expected to join the round, Lightspeed Venture Partners is in discussions to invest.The company was founded in 2024 by artificial intelligence (AI) researchers, including former Google DeepMind scientists, and is focussed on developing advanced AI models for robots.
The funding talks come just four months after its previous round, in which it raised $600 million and reached a valuation of $5.6 billion.
Bloomberg reports that Founders Fund is expected to join the round, with Lightspeed Venture Partners also in discussions to invest. Existing investors Thrive Capital and Lux Capital are likely to participate again.
However, the report said that negotiations are still at an early stage and details of the deal may change.
Physical Intelligence is working on creating general-purpose AI systems capable of enabling robots to handle a wide range of everyday tasks. These include activities such as folding laundry and peeling vegetables.
Speaking to TechCrunch in January, cofounder Sergey Levine described the vision as, “Think of it like ChatGPT, but for robots.” At that point, the company had raised just over $1 billion and employed roughly 80 people.
Despite rapid progress, it has not set a clear timeline for bringing its technology to market, an approach its investors appear comfortable with. Cofounder Lachy Groom told TechCrunch, “There’s no limit to how much money we can really put to work. There’s always more compute you can throw at the problem.”
