Physical Intelligence in Investment Talks at a $20 Billion Valuation
Robotics software startup Physical Intelligence is in talks to raise at least $1 billion in funding at a valuation of approximately $20 billion.
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Physical Intelligence, a startup developing artificial intelligence software for robots to perform real-world tasks, has started discussions for a new funding round that will bring its company valuation to approximately $20 billion.
According to sources close to the matter, the company aims to raise at least $1 billion in this financing round. It is stated that existing investors Avenir and Lux Capital are holding discussions to lead this new investment round.
Sources
- bloomberg.com · Link