Physical Intelligence secures funding negotiations, valuation reaches $11 billion — Bloomberg

LootboxPhobia · 2026-03-27T21:58:31+00:00

Robotics startup Physical Intelligence is in discussions for a new funding round of approximately $1 billion, with a valuation exceeding $11 billion. The goal is to develop AI models capable of driving robots to perform a variety of tasks. Participants in the funding include investors such as Founders Fund and Lightspeed.

LootboxPhobia

2026-03-27 21:58:31

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Investing.com - According to Bloomberg, citing informed sources, the two-year-old robotics startup Physical Intelligence is discussing a new funding round of approximately $1 billion. After this round is completed, including the funds raised, the company’s valuation will exceed $11 billion. Physical Intelligence was founded by AI scholars and former Google DeepMind researchers.

This deal would effectively double the startup’s valuation within four months, as the company is focused on building AI models that can drive robots to perform various tasks. In its previous funding round, it raised $600 million, at which time Physical Intelligence’s valuation was $5.6 billion.

Some insiders have indicated that Peter Thiel’s Founders Fund will participate in this funding round. These individuals requested anonymity because the information is private. Lightspeed Venture Partners is also in talks for investment, and previous supporters Thrive Capital and Lux Capital will also participate.

Insiders say that the deal negotiations are still in the early stages, and specific details may change. The AI models developed by Physical Intelligence are designed to enable robots to perform a variety of tasks.

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