San Francisco-based robotics startup, Physical Intelligence, has successfully raised $400 million in its latest funding round, bringing its post-money valuation to $2.4 billion. This investment round saw participation from high-profile backers, including Amazon founder Jeff Bezos, OpenAI, Thrive Capital, Lux Capital, and Bond Capital. Additionally, Khosla Ventures and Sequoia Capital contributed, reflecting the growing confidence in the company’s vision.
This funding marks a significant leap from Physical Intelligence’s previous seed round in March, where it raised $70 million at a valuation of $400 million. The company’s rapid growth and soaring valuation demonstrate the increasing interest in creating AI-driven robotics, especially those capable of performing general-purpose tasks.
Physical Intelligence’s goal is to integrate general-purpose AI into the physical world, developing robots that can perform diverse tasks using advanced AI models and algorithms. The company’s team includes talent from top tech firms such as Tesla, Google DeepMind, and X (formerly Twitter), adding substantial expertise to its ambitious mission.
Over the past eight months, Physical Intelligence has been focused on building a “general-purpose” AI model that empowers robots to handle a wide variety of tasks. This approach is a key step toward the company’s ultimate goal of achieving artificial general intelligence (AGI), which would enable machines to perform cognitive tasks that rival human abilities.
The company envisions a future where users can interact with robots in the same way they currently use large language models (LLMs) like ChatGPT, requesting robots to perform any task. Physical Intelligence has already demonstrated its technology’s capability to perform tasks such as doing laundry, clearing tables, and assembling boxes—activities that require human decision-making and adaptability.
This investment comes shortly after OpenAI’s recent updates to its ChatGPT platform, further solidifying the momentum in AI development. As Physical Intelligence continues to grow, the startup is poised to become a significant player in the robotics sector, aiming to transform how robots integrate into daily life and revolutionize automation across industries.
