Robotics AI startup Physical Intelligence is in talks to raise money at a valuation of about $20 billion, according to Bloomberg. Reporters Rebecca Torrence and Natasha Mascarenhas broke the story Tuesday, citing people familiar with the matter. TNW has not independently verified the report.
What valuation is Physical Intelligence reportedly seeking?
The round would raise at least $1 billion and nearly double the company's valuation. Existing backers Avenir and Lux Capital are in talks to lead it.
Does Physical Intelligence have revenue yet?
Physical Intelligence raised money at an $11.5 billion valuation earlier this year, Bloomberg reported. The people it spoke to said the company does not yet have revenue.
Who backs Physical Intelligence?
Former Google DeepMind researchers and academics from Stanford University and the University of California, Berkeley, founded Physical Intelligence in 2024. Its backers include CapitalG, the independent growth fund of Alphabet, Amazon founder Jeff Bezos and Thrive Capital, Bloomberg reported.
The company says its AI can run on robots built by other manufacturers and handle a wide range of movements. On October 13, it opened its latest models to outside developers through a beta application programming interface. Developers can upload data, fine-tune the models and run them on their own robots. Bloomberg's sources said the beta has increased investor interest in the round.
"Real-world robotic applications are not easy: tackling robotic construction, robotic surgery, or warehouse automation each requires an entire company," Physical Intelligence wrote in its launch post.
The company faces stiff competition. OpenAI is hiring for robotics, and Tesla is also pursuing the field. Elon Musk has compared training Optimus robots to raising a toddler.
Skild AI, another startup building software that helps robots learn, was valued at $14 billion in January. In September, it said its annual run-rate revenue had passed $100 million.
Cet article a été rédigé avec l'assistance de l'IA.
News Factory APP - actualités agentiques pour booster votre SEO et AEO.