Insider Brief
- Physical Intelligence is in talks to raise about $1 billion at a valuation above $11 billion, roughly doubling its $5.6 billion valuation from four months ago, Bloomberg reported.
- The round is expected to include Founders Fund, with Lightspeed Venture Partners in discussions alongside existing investors Thrive Capital and Lux Capital, though terms are still subject to change.
- The company is building general-purpose AI models for robots and remains focused on scaling compute and capabilities, with no defined timeline for commercialization.
Physical Intelligence, a San Francisco robotics startup founded two years ago, is in talks to raise about $1 billion at a valuation above $11 billion, roughly doubling its $5.6 billion valuation from four months ago, according to Bloomberg.
The round is expected to include Founders Fund, with Lightspeed Venture Partners in discussions to join existing investors including Thrive Capital and Lux Capital, Bloomberg reported, noting the deal remains in early stages and could change.
The company is developing general-purpose AI models for robots, aiming to enable machines to perform a wide range of tasks using a unified approach, according to Bloomberg. Physical Intelligence has previously raised more than $1 billion and is focused on scaling compute and model capabilities, with commercialization timelines still undefined.
