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Bloomberg reports that Physical Intelligence is in talks for a new funding round of at least $1 billion, at a valuation of about $20 billion. The report noted that this valuation is nearly double its valuation of $11.5 billion in early 2026; its valuation previously rose from $2.4 billion in November 2024 to $5.6 billion in November 2025, and if this round is completed, it will be roughly four times that figure within less than a year. The report also said that this jump in valuation follows the Pi API beta launched on October 13, which offers external developers hosted fine-tuning and inference of its latest robot models via a waitlist. The funding is currently still in the negotiation stage, with no word of completion.
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Oct 28
Rohan Paul
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.