By The New York Times
Published on November 04, 2024
The start-up raised $400 million in a funding round with investments from the likes of Jeff Bezos, Thrive Capital and OpenAI.
Physical Intelligence, an artificial intelligence start-up seeking to create brains for a wide variety of robots, plans to announce on Monday that it had raised $400 million in financing from major investors.
The round was led by Jeff Bezos, Amazon’s executive chairman, and the venture capital firms Thrive Capital and Lux Capital. Other investors include OpenAI, Redpoint Ventures and Bond.
The fund-raising valued the company at about $2 billion, not including the new investments. That’s significantly more than the $70 million that the start-up, which was founded this year, had raised in seed financing.