November 07, 2024 – Physical Intelligence, a robotic startup in the United States, has announced the raising of 400millioninfunding,propellingitspost−moneyvaluationtoawhopping2.4 billion.
According to a spokesperson from Physical Intelligence, the round was led by a prestigious group of investors including Amazon founder Jeff Bezos, OpenAI, Thrive Capital, Lux Capital, and Bond Capital. Additionally, Khosla Ventures and Sequoia Capital are listed as investors on the company’s official website.
The new valuation marks a significant increase for the company, which is now approximately six times higher than its seed round in March. Reports indicate that during the seed round, the startup raised 70millionandwasvaluedat400 million.
As stated on its website, Physical Intelligence specializes in “bringing general-purpose AI into the physical world.” The company aims to power robots through the development of large AI models and algorithms.
In a recent blog post, the company revealed that over the past eight months, it has developed a “universal” AI model tailored for robots. Physical Intelligence envisions this model as the first step towards achieving its ultimate goal – the development of Artificial General Intelligence (AGI). AGI refers to AI technology that matches or exceeds human intelligence across a wide range of tasks.
The startup envisions a future where users can effortlessly request robots to perform any desired task, just as they would ask a large language model or a chatbot assistant. These tasks could range from doing laundry, clearing the dinner table, to assembling boxes, among others.
