Physical Intelligence reportedly in talks for at least $1 billion in new funding at a valuation of about $20 billion
Bloomberg reports that Physical Intelligence is in talks for at least $1 billion in new funding at a valuation of about $20 billion, nearly double its valuation of $11.5 billion earlier in 2026. Its valuation rose from $2.4 billion in November 2024 to $5.6 billion in November 2025, and if this round is completed, it will be about four times that figure in less than a year. This round of valuation increase comes shortly after the Pi API beta launched on October 13, which offers external developers hosted fine-tuning and inference of its latest robotics models through a waitlist.
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The original text strings together the successive jumps in valuation from $2.4 billion in November 2024 to about $20 billion in this round, helping readers clearly see the funding pace and its timing relative to the Pi API beta.
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Bloomberg: Physical Intelligence is in talks to raise at least $1B at roughly $20B, nearly double the $11.5B valuation from its earlier 2026 round.
Its valuation has climbed from $2.4B in November 2024 to $5.6B in November 2025, and the new round would roughly quadruple that figure in under a year.
The latest jump followed the October 13 Pi API beta, which gives outside developers hosted fine-tuning and inference on the company’s latest robot models through a waitlist.