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Physical Intelligence Negotiates at Least $1 Billion in Funding at a $20 Billion Valuation

1 reports 1 reporting sources 10 hours agoNew

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Physical Intelligence is negotiating a funding round of at least $1 billion at an estimated $20 billion valuation, according to QbitAI, while it has no commercial revenue or robots in mass production. The financing remains under negotiation. The company, founded in 2024, develops general-purpose robot foundation models for third-party hardware. In October, it introduced a beta API offering model fine-tuning and inference services to external developers.

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Latest development10/28 16:55 (UTC+8)
Physical Intelligence Seeks $10 Billion at a $20 Billion Valuation Despite No Revenue量子位

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10/28
  1. 量子位
    Physical Intelligence Seeks $10 Billion at a $20 Billion Valuation Despite No Revenue

    Physical Intelligence is negotiating a funding round of at least $1 billion at an estimated $20 billion valuation, despite having no commercial revenue or robots in mass production. The 2024-founded company builds general-purpose robot foundation models for third-party hardware; this month, it introduced a beta API offering model fine-tuning and inference services to external developers.

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