Deeptech startup PhysicsX has raised $135 million in a Series B round led by Atomico, bringing its total funding to nearly $170 million. The company is developing AI-native software to transform engineering workflows across aerospace, automotive, semiconductors, and energy.
The round includes strategic participation from Siemens, Temasek, Applied Materials, and July Fund, with continued support from General Catalyst, NGP, Radius Capital, and Standard Investments. CEO and co-founder Jacomo Corbo, formerly of QuantumBlack, said PhysicsX aims to “overhaul how hardware innovation is executed” by fusing deep physics simulation with AI. Siemens CTO Peter Koerte praised the partnership, calling it “a step-change in design and manufacturing.” The new funds will scale foundation model development and expand global operations.
Featured image: Credit: PhysicsX
