Physical Intelligence seeks funding at roughly US$20 billion valuation
Bloomberg reported that existing backers Avenir and Lux Capital are discussing leading a round of at least US$1 billion.
A potential financing for robotics AI startup Physical Intelligence would bring in at least US$1 billion at a valuation of about US$20 billion, Bloomberg reported, citing people familiar with the discussions. Avenir and Lux Capital, which already hold stakes, are discussing whether to lead the investment.
The proposed valuation would nearly double the company’s value. Bloomberg put its valuation from an earlier fundraising at US$11.5 billion and reported that it has not yet generated revenue. TNW said it had not independently confirmed Bloomberg’s reporting.
Physical Intelligence develops software that it says can control robots from other manufacturers across varied movements and practical tasks. A beta API introduced on 13 October gave external developers access to its latest models, with tools for uploading data, adapting the models and deploying them on their robots. People cited by Bloomberg linked the beta to greater investor interest.
Established in 2024, the startup counts former Google DeepMind researchers among its founders, alongside academics from Stanford University and the University of California, Berkeley. Bloomberg named its other investors as Thrive Capital, Amazon founder Jeff Bezos and CapitalG, the independent growth fund belonging to Alphabet.
