Physical Intelligence Raises $400M in Series

Physical Intelligence has successfully raised $400M in a Series at a $2B valuation led by Jeff Bezos, Lux Capital, Thrive Capital.

Company Overview

Physical Intelligence is a Robotics company headquartered in San Francisco, CA, founded in 2023 with 100+ employees.

Developing general-purpose brains and foundation models for wide array of robots

Fundraising Details

Amount Raised: $400M
Round Type: Series
Valuation: $2B
Date: 2024-11-06
Investors: Jeff Bezos, Lux Capital, Thrive Capital

About Physical Intelligence

Developing general-purpose brains and foundation models for wide array of robots The company is positioned in the Robotics sector, serving a growing market with innovative solutions.

Key Information

Headquarters: San Francisco, CA
Founded: 2023
Team Size: 100+
Industry: Robotics

What This Means

This funding round demonstrates strong investor confidence in Physical Intelligence's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Robotics sector continues to attract significant investment as companies innovate to meet evolving market demands. Physical Intelligence's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2B valuation marks an important milestone for Physical Intelligence, positioning the company among notable players in the Robotics industry.

Looking Ahead

With this new capital, Physical Intelligence is well-positioned to execute on its growth strategy and continue building innovative solutions in the Robotics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-11-06. For more information about Physical Intelligence, visit their headquarters at San Francisco, CA.