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- Physical Intelligence
Physical Intelligence Valuation, Funding & Investors
Physical Intelligence is valued at $5.6B as of November 2025.
Last Physical Intelligence valuation
$5.6B
Undisclosed stage · Nov 2025
Last Physical Intelligence funding round
$600M
Undisclosed stage · Nov 2025
Cumulative funding Physical Intelligence raised
$1.1B
across 4 funding rounds
Key investors in Physical Intelligence
Lux Capital
Thrive Capital
Sequoia Capital
Khosla Ventures
OpenAI Startup Fund
Jeff Bezos
About Physical Intelligence
Physical Intelligence is a robotics firm developing foundation models and algorithms for general-purpose AI in physical tasks. Its technology enables robots to handle diverse applications across industries through simulation-to-reality transfer and dexterous manipulation.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing
Valuation
$5.6B (Nov 2025)
Physical Intelligence Valuation
Physical Intelligence is currently valued at $5.6B, based on its undisclosed-stage round in November 2025.
The $600M round was led by CapitalG, with participation from Index Ventures, Lux Capital, Jeff Bezos, T. Rowe Price and Thrive Capital.
Physical Intelligence's valuation has grown 2.3x from $2.4B at its Series A in November 2024 to $5.6B in November 2025, across 2 priced rounds.
Physical Intelligence valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2025 | Undisclosed stage | $5.6B |
| Nov 2024 | Series A | $2.4B |
Physical Intelligence Funding History
Physical Intelligence has raised a total of $1.1B across 4 funding rounds, plus 1 secondary share sale.
Physical Intelligence's first fundraising round was a $70M seed round in March 2024. The most recent completed round was a $600M undisclosed-stage round in November 2025.
Physical Intelligence funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Secondary | - | - | - | Flat Capital sold its entire holding in Physical Intelligence, which it had held through a special purpose vehicle, in a secondary transaction with an undisclosed buyer. The sale was announced together with the disposal of Flat's stake in Harvey; the two holdings together generated gross proceeds of approximately SEK 180 million against approximately SEK 28 million of invested capital. Flat said the exits reflect its shift from a passive minority shareholder towards fewer, larger and more active positions. |
| Nov 2025 | Undisclosed stage | CapitalG (lead); Index Ventures; Lux Capital; Jeff Bezos; T. Rowe Price; Thrive Capital | $600M | $5.6B | Physical Intelligence is a San Francisco-based robotics AI startup founded in 2024 by Karol Hausman, Adnan Esmail, Brian Ichter, Lachy Groom, Quan Vuong, and Sergey Levine. The company develops foundation models and AI algorithms that serve as the 'brains' for robots, enabling them to perform diverse real-world tasks such as making espresso drinks, folding laundry, assembling boxes, and busing tables through reinforcement learning, vision AI, and processing of visual and other sensory data. Unlike text-based chatbots, Physical Intelligence focuses on embodied AI for general-purpose robotics adaptable to complex, messy environments across various applications. On November 20, 2025, Physical Intelligence raised $600 million in a funding round led by CapitalG at a $5.6 billion post-money valuation. Investors included Lux Capital, Thrive Capital, Jeff Bezos, Index Ventures, T. Rowe Price, and Emergence. This round marks a significant milestone, positioning the company among notable players in the robotics AI sector after joining the unicorn club earlier in 2024. The capital is expected to support scaling operations, product development, market expansion, technology investments, and gathering large-scale real-world data for training advanced robot models. The funding reflects strong investor confidence in Physical Intelligence's vision amid growing VC interest in AI-powered robotics, potentially impacting jobs across white-collar and blue-collar sectors. The company's trajectory is bolstered by its 50+ employees and focus on universal robot systems beyond single-task machines. |
| Nov 2024 | Series A | Jeff Bezos (lead); Lux Capital (lead); Thrive Capital (lead); OpenAI Startup Fund; Redpoint; Khosla Ventures; Sequoia Capital; Ironwood Ventures; Bond | $400M | $2.4B | Physical Intelligence is a San Francisco-based robotics startup founded in 2024 by experts from Tesla, Google DeepMind, X, and others, focused on developing general-purpose AI foundation models like π0 for robots. The model enables adaptable, dexterous tasks such as folding laundry or clearing tables by combining internet-scale semantic knowledge with real-world robot data, aiming for 'generalist robot policies' that work across diverse robot hardware without task-specific retraining. The company raised $400 million in a Series A round dated around November 4, 2024, led by Jeff Bezos, Lux Capital, and Thrive Capital, with participation from OpenAI Startup Fund, Bond Capital, Redpoint Ventures, and follow-on from seed investors Khosla Ventures and Sequoia Capital. This funding elevated its post-money valuation to $2.4 billion, a significant jump from the prior $400 million valuation after a $70 million seed round in March 2024, bringing total funding to $470 million and unicorn status. Physical Intelligence positions itself in the competitive AI-robotics landscape against players like Tesla (humanoids), Figure AI, Covariant, and Skild AI by creating universal 'robot brains'—software applicable to any robot for flexible physical interactions in human environments, akin to early language models like GPT-1 evolving toward AGI capabilities. |
| Jun 2024 | Undisclosed stage | Flat Capital | - | - | Flat Capital committed approximately SEK 11 million to Physical Intelligence, the AI and robotics research company, in two tranches of which the first, about SEK 6.3 million, had been completed at announcement. Physical Intelligence develops foundation models and learning algorithms intended to drive robots and other physically actuated devices. The investment was made through a special purpose vehicle alongside the OpenAI Startup Fund, Sequoia Capital, Khosla Ventures and Thrive Capital. |
| Mar 2024 | Seed | Thrive Capital (lead); OpenAI Startup Fund; Greenoaks; Outset Capital; Lux Capital; Khosla Ventures; Sequoia Capital | $70M | - | - |
Who has invested in Physical Intelligence?
15 investors have backed Physical Intelligence across its funding rounds, including Lux Capital, Thrive Capital, Sequoia Capital, Khosla Ventures, OpenAI Startup Fund and Jeff Bezos.
Lead investors include CapitalG, Jeff Bezos, Lux Capital and Thrive Capital.
Physical Intelligence Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Mar 2024 | ||
| 3 | Lead | Mar 2024 | ||
| 2 | Participant | Mar 2024 | ||
| 2 | Lead | Nov 2024 | ||
| 2 | Participant | Mar 2024 | ||
| 2 | Participant | Mar 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Nov 2024 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | Nov 2025 | ||
| 1 | Lead | Nov 2025 | ||
| 1 | Participant | Nov 2024 | ||
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Start Free TrialPhysical Intelligence Competitors
Physical Intelligence competitors include listed companies like UBtech Robotics and Kodiak AI, and private ones like Apptronik, NEURA Robotics, Sharpa and Skild AI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | - | - | $5.3B | - | ||
| Private | - | - | $7B | - | ||
| Private | - | - | $3.3B | - | ||
| Private | $30M | - | $14B | - | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x |
Physical Intelligence Public Comps
Physical Intelligence is still privately-owned, but its public comps include Symbotic, UBtech Robotics, Momenta Global, Mobileye, Ondas, Infleqtion, Space42, Aptiv, ROKAE Robotics and Eacon Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.2B | ($35M) | 2.0x | 1.6x | (128.5x) | 13.3x | |||
| $298M | ($108M) | 16.6x | 9.5x | (45.7x) | (108.4x) | |||
| $360M | ($502M) | 10.5x | - | (7.5x) | - | |||
| $1.9B | $140M | 2.8x | 2.7x | 38.5x | 12.3x | |||
| $51M | ($127M) | 57.8x | 7.4x | (23.0x) | (31.0x) | |||
| $29M | ($52M) | 92.3x | 64.5x | (50.9x) | (60.0x) | |||
| $577M | $88M | 3.7x | 3.4x | 24.1x | 8.7x | |||
| $20B | $2.2B | 0.7x | 0.9x | 6.3x | 5.4x | |||
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Common questions about Physical Intelligence
| When was Physical Intelligence founded? | Physical Intelligence was founded in 2024. |
| Where is Physical Intelligence headquartered? | Physical Intelligence is headquartered in San Francisco, CA, United States. |
| Is Physical Intelligence publicly listed? | No, Physical Intelligence is a private, VC-backed company. |
| What is Physical Intelligence's valuation? | Physical Intelligence was last valued at $5.6B in its undisclosed-stage round in November 2025. |
| How much funding has Physical Intelligence raised? | Physical Intelligence has raised $1.1B across 4 funding rounds. |
| What was Physical Intelligence's last funding round? | Physical Intelligence's last funding round was a $600M undisclosed-stage round in November 2025, led by CapitalG. |
| Who are Physical Intelligence's investors? | Physical Intelligence's investors include Lux Capital, Thrive Capital, OpenAI Startup Fund, Jeff Bezos, Khosla Ventures, Sequoia Capital, Greenoaks, Redpoint, Index Ventures, Outset Capital and 5 others. |
| Which companies are comparable to Physical Intelligence? | Companies comparable to Physical Intelligence include UBtech Robotics, Apptronik, NEURA Robotics, Sharpa, Skild AI and Kodiak AI. |
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