Total amount raised
$470 Millions
Latest funding date
Location
Physical Intelligence has successfully raised funding through a Series A round, attracting notable investors such as Bond, Lux Capital, and Sequoia Capital. The company is focused on integrating general-purpose AI into robotics and other physical devices.
Keep reading to explore the intricacies of Physical Intelligence's fundraising journey and the investors backing this innovative platform.
What Is Physical Intelligence?
Physical Intelligence, founded in 2024, is based in San Francisco, California. The company focuses on integrating general-purpose AI into robotics and other physical devices.
Founded by Adnan Esmail, Brian Ichter, Karol Hausman, Lachy Groom, Quan Vuong, and Sergey Levine, Physical Intelligence aims to develop foundational models and learning algorithms for robots.
With a team of 11-50 employees, the company is composed of engineers, scientists, and roboticists dedicated to enhancing the capabilities of physically-actuated devices.
How Much Funding Has Physical Intelligence Raised?
- Seed Round
- Amount Raised: $70M
- Date: March 2024
- Lead Investors: Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development of foundational models and learning algorithms for robots.
- Series A
- Amount Raised: $400M
- Date: November 2024
- Lead Investors: Jeff Bezos, Lux Capital, Thrive Capital
- Valuation at Round: $2.4 billion
- Motivation Behind the Round: To advance the development of the general-purpose robot foundation model, π0 (pi-zero), and bring artificial physical intelligence into the physical world.
Total amount raised: $470M. Current valuation: $2.4 billion.
Key Investors
- Jeff Bezos
- Details: Jeff Bezos is the founder of Amazon and a prominent figure in the tech industry. He has made significant investments in various innovative technologies and space exploration.
- Investment Focus Areas: Technology, space exploration, e-commerce, AI
- Notable Investments: Amazon, Blue Origin, The Washington Post
- Lux Capital
- Details: Lux Capital is a venture capital firm that invests in emerging science and technology ventures. The firm is known for backing companies that push the boundaries of innovation.
- Investment Focus Areas: Emerging science, technology, life sciences
- Notable Investments: Auris Health, Zoox, Shapeways
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that focuses on technology and internet investments. The firm has a track record of supporting high-growth startups.
- Investment Focus Areas: Technology, internet, software, healthcare
- Notable Investments: Instagram, Slack, Stripe
- Bond
- Details: Bond is a growth-stage venture capital firm known for investing in high-growth technology companies. The firm aims to support companies that are transforming industries.
- Investment Focus Areas: Technology, innovation
- Notable Investments: Stripe, Canva, Revolut
- OpenAI
- Details: OpenAI is an AI research and deployment company known for developing advanced AI models. The organization aims to ensure that artificial general intelligence benefits all of humanity.
- Investment Focus Areas: Artificial intelligence, machine learning, AI safety
- Notable Investments: Development of GPT-3, DALL-E, Codex
What's Next for Physical Intelligence?
Physical Intelligence stands at the cusp of a transformative era in robotics, driven by its mission to develop a general-purpose AI for robots. With a $400 million funding boost and a valuation of $2.4 billion, the company is poised to revolutionize the industry by creating versatile software that can operate across multiple robot types. This innovation could simplify robotic automation, making it more accessible and scalable, and tap into the burgeoning market for humanoid robots, projected to reach billions in value.
Future fundraising opportunities appear promising, given the strong backing from high-profile investors like Jeff Bezos and OpenAI. As Physical Intelligence continues to demonstrate the capabilities of its software, further investment rounds are likely, potentially leading to strategic partnerships or acquisitions by larger tech companies. However, the company faces significant challenges, including technical hurdles in developing universally applicable AI models and intense competition from other players in the AI and robotics space. Ensuring the safety and reliability of AI-driven robots in real-world applications will also be crucial for widespread adoption.
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