PhysicsX Revenue, Valuation, Funding & Investors

PhysicsX is valued at $2.4B as of June 2026, a 48.0x multiple on its last reported $50M revenue.

Last PhysicsX valuation

$2.4B

Series C · Jun 2026

Last PhysicsX funding round

$300M

Series C · Jun 2026

PhysicsX revenue

$50M

Series C · Jun 2026

Key investors in PhysicsX

  • General Catalyst
  • NGP Energy Capital Management
  • Radius Capital
  • Temasek
  • Atomico
  • Applied Materials

PhysicsX Overview

About PhysicsX

PhysicsX is a London-headquartered physical AI company that deploys machine learning across engineering lifecycles in aerospace, automotive, semiconductors, materials, and energy sectors. With offices in New York and Zurich, it partners with organizations like Airbus and Siemens on simulations for aerodynamics, structural optimization, and manufacturing processes. Founded in 2021, PhysicsX tools handle complex multiphysics problems to shorten design iterations.


Founded

2019

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$50M (Jun 2026)

Valuation

$2.4B (Jun 2026)

PhysicsX Valuation

PhysicsX is currently valued at $2.4B, based on its Series C in June 2026.

The $300M round was led by Temasek, with participation from NVIDIA, General Catalyst, NGP Energy Capital Management, Applied Materials, Siemens Energy India and 5 other investors.

PhysicsX's valuation has grown 2.7x from $900M at its Series B in June 2025 to $2.4B in June 2026, across 3 priced rounds.

PhysicsX valuation by funding round

Revenue multiple
PhysicsX valuation by funding round
DateStageValuationRevenue Multiple
Jun 2026Series C$2.4B48.0x
Nov 2025Series B$1B-
Jun 2025Series B$900M-

PhysicsX Revenue

PhysicsX's latest recorded revenue is $50M, as of its Series C in June 2026. At a $2.4B valuation, that implies a 48.0x revenue multiple.

PhysicsX revenue by funding round

PhysicsX revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2026$50M$2.4B48.0xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

PhysicsX Funding History

PhysicsX has raised a total of $487M across 4 funding rounds.

PhysicsX's first fundraising round was a $32M Series A in November 2023. The most recent completed round was a $300M Series C in June 2026.

PhysicsX funding rounds

PhysicsX funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series CTemasek (lead); NVIDIA; General Catalyst; NGP Energy Capital Management; Applied Materials; Siemens Energy India; M&G Investments; July Fund; Intrepid Growth Partners; Radius Capital; Atomico$300M$2.4BPhysicsX raised a $300 million Series C on June 8, 2026 at an approximate $2.4 billion valuation. The round was led by Temasek, with participation from new investors M&G Investments and Intrepid Growth Partners, alongside existing backers including Applied Materials, NVIDIA, Siemens, Atomico, General Catalyst, July Fund, NGP, and Radius. The financing is intended to accelerate global growth, expand the company’s platform capabilities, and support frontier research on larger pre-trained physics AI models, known as Large Physics Models. Temasek first invested in PhysicsX in 2025 and has supported the company’s international expansion and growth. PhysicsX is a London-based physics AI company focused on industrial engineering and manufacturing simulation. It develops AI models that aim to speed up engineering simulation and design workflows, and prior coverage indicates the company had more than 300 employees and had seen booked revenues triple year over year heading into the round.
Nov 2025Series BNVentures (lead)$20M$1BPhysicsX is a London-based startup developing an AI-based software platform for advanced simulations in hardware design, testing, and manufacturing, targeting sectors like defense, aerospace, automotive, materials, and industrial engineering to accelerate innovation by enabling AI-native engineering and reducing prototyping costs. Founded in 2019 by former Formula 1 engineers Jacomo Corbo and Robin Tuluie, the company positions itself at the intersection of AI and physics to reshape complex physical systems development, with customers including Rio Tinto, Siemens, and Applied Materials. On November 19, 2025, PhysicsX announced an extension to its Series B funding round with a $20 million strategic investment from NVentures, NVIDIA's venture capital arm, bringing total Series B proceeds to more than $155 million from an initial $135 million raised in June 2025 led by Atomico. Other participants include Temasek, Siemens, Applied Materials, July Fund, General Catalyst, NGP, Radius Capital, Standard Investments, and Allen & Co. The extension values the company at nearly $1 billion, maintaining a largely flat valuation from the initial round, with cumulative funding approaching $187 million post-Series A of $32 million in November 2023. The investment supports global expansion, development of larger physics foundation models, international hiring, and deeper integration with NVIDIA's AI ecosystem for industrial solutions. CEO Jacomo Corbo emphasized the funding as a conviction in an AI-first future for engineering, where hardware is imagined, designed, and validated in software to address urgent industrial challenges like technological sovereignty and resilience. Since Series A, PhysicsX has grown its team to over 150 people, though specific revenue figures are not disclosed in required terms around the round. This extension positions PhysicsX as a leader in AI-driven engineering simulation, outpacing European peers in funding scale and reinforcing its role in the shift to software-defined manufacturing amid faster innovation cycles demanded by defense and industrial customers.
Jun 2025Series BAtomico (lead); Temasek; General Catalyst; NGP Energy Capital Management; Allen & Co.; Applied Materials; July Fund; Siemens; Standard Investments; Radius Capital$135M$900MPhysicsX is a London-based physical AI company founded by former Formula 1 engineers Robin Tuluie and Jacomo Corbo, developing an AI-native software platform to accelerate engineering and manufacturing innovation across sectors like aerospace, defense, automotive, semiconductors, materials, and energy. The platform fuses frontier AI with industrial expertise to shorten design cycles, lower costs, and solve complex hardware challenges through advanced simulations and physics foundation models. On June 22, 2025, PhysicsX announced a $135 million Series B round led by Atomico, with participation from Temasek, Siemens, Applied Materials, July Fund, General Catalyst, NGP Energy Capital Management, Radius Capital, Standard Investments, and Allen & Co., valuing the company at nearly $1 billion. This brought total funding to nearly $170 million since its Series A in November 2023. The financing supports global expansion and development of more powerful AI models. Since Series A, PhysicsX grew its team to over 150 people and more than quadrupling revenue, though specific revenue figures were not disclosed. In November 2025, the Series B was extended with a $20 million investment from NVentures (NVIDIA's VC arm), bringing total Series B funding to over $155 million while maintaining the nearly $1 billion valuation. The extension furthers strategic partnerships and targets expansion into defense and technological sovereignty applications. No post-money valuation changes or revenue/EBITDA metrics were detailed beyond the unicorn status confirmation.
Nov 2023Series AGeneral Catalyst (lead); NGP Energy Capital Management; Henry Kravis; Radius Capital$32M-PhysicsX is a London-based startup developing an AI platform for physics simulations and engineering optimization in advanced industries such as aerospace, automotive, renewables, and materials production. Founded by experts from Formula One teams like Renault (Alpine) and Mercedes F1, as well as QuantumBlack (AI by McKinsey), the company emerged from stealth on November 27, 2023, raising $32 million in a Series A round led by General Catalyst, with participation from Standard Investments, NGP Energy Capital Management, Radius Capital, and Henry Kravis of KKR. The funding aims to accelerate customer delivery, platform engineering, and fundamental research to enhance AI models for faster design cycles and breakthrough innovations. The Series A marked PhysicsX's first external funding, positioning it to transform engineering workflows through generative AI and deep learning simulations already proven in high-stakes environments. General Catalyst highlighted the team's credibility, customer relationships, and alignment with industrial transformation and responsible AI theses. New board members included Jim Baum, a General Catalyst executive-in-residence with tech leadership experience, and Jeremy Palmer, former QuantumBlack chairman. By June 2025, PhysicsX had scaled to over 150 employees across offices in San Francisco, New York, Boston, Berlin, Bangalore, and London, quadrupling revenue since the Series A while supporting complex systems design. This growth led to a $135 million Series B extension led by Atomico, bringing total funding to nearly $170 million at a nearly $1B valuation, with continued backing from General Catalyst, NGP, Radius Capital, and others, plus new investors like Temasek, Siemens, Applied Materials, and July Fund. A further $20 million from Nvidia's NVentures in 2025 maintained the sub-$1B valuation for the Series B totaling over $155 million.

Who has invested in PhysicsX?

16 investors have backed PhysicsX across its funding rounds, including General Catalyst, NGP Energy Capital Management, Radius Capital, Temasek, Atomico and Applied Materials.

Lead investors include Temasek, NVentures, Atomico and General Catalyst.


PhysicsX Investors

Investors in PhysicsX by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA3LeadNov 2023
NGP Energy Capital ManagementUnited StatesDallas, TX3ParticipantNov 2023
Radius CapitalUnited StatesSan Francisco, CA3ParticipantNov 2023
TemasekSingaporeSingapore2LeadJun 2025
Applied MaterialsUnited StatesSan Jose, CA2ParticipantJun 2025
July FundUnited StatesNew York City, NY2ParticipantJun 2025
AtomicoUnited KingdomLondon2LeadJun 2025
NVIDIAUnited StatesSan Jose, CA1ParticipantJun 2026
Allen & Co.United StatesDallas, TX1ParticipantJun 2025
NVenturesUnited StatesSan Jose, CA1LeadNov 2025
Siemens Energy IndiaIndiaIndia1ParticipantJun 2026
M&G InvestmentsUnited KingdomLondon1ParticipantJun 2026
Henry KravisUnited StatesNew York City, NY1ParticipantNov 2023

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PhysicsX Competitors

PhysicsX competitors include listed companies like Fractal Analytics and Affle 3i, and private ones like Uniphore, Pendo, Hive and Yitu Technology.

Public and private companies comparable to PhysicsX
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UniphoreUnited StatesSan Francisco, CAPrivate$102M-$2.5B24.5x
PendoUnited StatesRaleigh, NCPrivate$100M-$2.6B26.0x
HiveUnited StatesSan Francisco, CAPrivate$67M$6M$2B29.9x
Yitu TechnologyChinaShanghaiPrivate--$2B-
Fractal AnalyticsIndiaIndiaPublicly listed$344M$50M$1.3B3.4x
Affle 3iIndiaIndiaPublicly listed$282M$67M$2.3B6.7x

PhysicsX Public Comps

PhysicsX is still privately-owned, but its public comps include Affle 3i, Ncino, Intsig Information, SoundHound, Haizhi, Liftoff Mobile, Shenzhen Intellifusion, C3.ai, Wenge AI and TRS Information Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x
Intsig Information$270M$83M7.8x6.6x25.2x23.6x
SoundHound$169M$19M14.6x11.3x132.5x(35.5x)
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
Liftoff Mobile$686M$203M5.9x-20.0x-
Shenzhen Intellifusion$200M($3M)14.3x14.6x(952.5x)(1086.5x)
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)

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Common questions about PhysicsX

When was PhysicsX founded?PhysicsX was founded in 2019.
Where is PhysicsX headquartered?PhysicsX is headquartered in London, United Kingdom.
Is PhysicsX publicly listed?No, PhysicsX is a private, VC-backed company.
What is PhysicsX's valuation?PhysicsX was last valued at $2.4B in its Series C in June 2026.
How much funding has PhysicsX raised?PhysicsX has raised $487M across 4 funding rounds.
What was PhysicsX's last funding round?PhysicsX's last funding round was a $300M Series C in June 2026, led by Temasek.
Who are PhysicsX's investors?PhysicsX's investors include General Catalyst, NGP Energy Capital Management, Radius Capital, Temasek, Applied Materials, July Fund, Atomico, NVIDIA, Allen & Co., NVentures and 6 others.
What is PhysicsX's revenue?PhysicsX's latest recorded revenue is $50M (June 2026).
What is PhysicsX's revenue multiple?PhysicsX's latest valuation implies a 48.0x revenue multiple ($2.4B valuation on $50M of revenue).
Which companies are comparable to PhysicsX?Companies comparable to PhysicsX include Uniphore, Pendo, Hive, Yitu Technology, Fractal Analytics and Affle 3i.

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