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According to Bloomberg, the U.S. robotics AI company Physical Intelligence is in talks for a new funding round of at least $1 billion, with existing investors Avenir and Lux Capital considering leading the round, at a post-money valuation expected to be about $20 billion. The company was founded in 2024 and was valued at $5.6 billion in its November funding round last year; it currently has no commercial revenue and has not mass-produced any robotic products. Its technical approach is to build on VLMs by introducing action-generation capabilities to train VLA models, and it has iterated through π0, π0.5, and π0.7. This month it launched a beta version of a robot foundation model API, offering external developers model fine-tuning and inference services.
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Physical Intelligence in Talks for at Least $1 Billion in New Funding, Valuation Could Reach $20 BillionDevelopments
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Physical Intelligence in talks to raise at least $1 billion in new funding
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Oct 28
QbitAI
Physical Intelligence in Talks for at Least $1 Billion in New Funding, Valuation Could Reach $20 Billion
According to Bloomberg, U.S. robotics AI company Physical Intelligence is in talks for a new funding round of at least $1 billion, with existing investors Avenir and Lux Capital considering leading the round, and a post-money valuation expected at about $20 billion. The company was founded in 2024 and was valued at $5.6 billion in its November funding round last year; it currently has no commercial revenue and has not mass-produced robot products. Its technical approach is to build on VLM by introducing action generation capabilities to train VLA models, and it has iterated through π0, π0.5, and π0.7; this month it launched a beta version of a robot foundation model API, offering model fine-tuning and inference services to external developers.