Insider Brief
- PhysicsX has raised $300 million in a Series C funding round that values the company at approximately $2.4 billion, with the capital earmarked for international expansion, new platform capabilities and development of larger physics AI models for engineering and manufacturing applications.
- The round was led by Temasek and included new investors M&G Investments and Intrepid Growth Partners, alongside existing backers Applied Materials, Atomico, General Catalyst, July Fund, NGP, Nvidia, Radius and Siemens.
- PhysicsX develops a physics AI platform that helps engineers model and predict the behavior of physical systems across industries including aerospace, defense, semiconductors, automotive and energy, with the company reporting that revenue doubled over the past year while its customer base and workforce more than doubled.
PhysicsX announced raising $300 million in a Series C funding round to develop its physics AI platform for engineers.
The round was led by Temasek and included new investors M&G Investments and Intrepid Growth Partners, alongside existing backers Applied Materials, Atomico, General Catalyst, July Fund, NGP, Nvidia, Radius and Siemens. The latest round places the The London-based industrial AI company’s valuation at approximately $2.4 billion, according to the company.
PhysicsX said the new funding will support international expansion, development of new platform capabilities and continued research into what it calls Large Physics Models, AI systems trained to understand and predict complex physical processes. The software is intended to address the time and cost required to run complex simulations used to design hardware ranging from aircraft and semiconductor equipment to energy infrastructure and industrial machinery.
What Does PhysicsX Do?
The company’s AI software is designed to help engineers model and predict the behavior of physical systems used in industries such as aerospace, defense, semiconductors, automotive, energy and advanced manufacturing. The company said its platform allows engineers to evaluate designs and simulate physical processes much faster than traditional engineering workflows.
Co-founder & CEO Jacomo Corbo said the investment will allow it to bring its technology to more engineers while advancing the next generation of large-scale physics AI models.
“Almost every hard problem in the physical economy — better aircraft, better chips, better engines, better energy systems — comes down to how fast and how well engineers and machine operators can work through the underlying physics,” Corbo noted. “For decades, that has been the binding constraint on hardware innovation. Physics AI removes it. We are giving engineers the ability to explore thousands of designs where they once managed a handful, in seconds rather than weeks, across the most demanding industries in the world.”
The company reported that recognized revenue doubled over the past year while booked revenue tripled. PhysicsX also said it more than doubled its customer base and expanded its workforce to more than 300 employees during the same period, with its technology already being used across aerospace and defense, semiconductors, automotive, industrial machinery, energy and materials manufacturing.
