Physical Intelligence Secures $1 Billion Funding Round Valuing Company At $11 Billion

San Francisco-based Physical Intelligence is in discussions to raise approximately $1 billion in funding, which may enhance its valuation to over $11 billion. This funding round is anticipated to include participation from notable venture firms like Founders Fund and Lightspeed Venture Partners, along with existing investors such as Thrive Capital and Lux Capital. High-profile individuals including Jeff Bezos, NVIDIA, Index Ventures, and T. Rowe Price are also expected to engage in the discussions.

Summary of transaction details:

• Deal Type: Funding
• Transaction Amount: $1,000,000,000
• Estimated Valuation: $11,000,000,000
• Company: Physical Intelligence
• Founders: Karol Hausman, Sergey Levine, Chelsea Finn, Brian Ichter, and Adnan Esmail
• Headquarters: San Francisco, California
• Notable Investors: Founders Fund, Lightspeed Venture Partners, Thrive Capital, Lux Capital, Jeff Bezos, NVIDIA, Index Ventures, and T. Rowe Price

Founded in 2024, Physical Intelligence, led by CEO Karol Hausman and a skilled team of AI and robotics experts, is at the forefront of developing general-purpose AI models for robots. Their flagship model, π0 (pi-zero), is designed to perform a variety of tasks in real-world applications, thus addressing the increasing demand in the enterprise sector for physical AI solutions.