Physical Intelligence, a San Francisco robotics startup, is reportedly in early talks to raise $1 billion in new funding at a valuation exceeding $11 billion, which would double its valuation in just four months. The company, founded two years ago, aims to build general-purpose AI models for robots to perform diverse tasks, comparing its ambition to 'ChatGPT, but for robots.' Despite having no timeline for commercialization, the startup has attracted significant investor interest, including from Founders Fund, Lightspeed Venture Partners, Thrive Capital, and Lux Capital.
Background
Physical Intelligence is a two-year-old robotics startup focused on developing general-purpose AI models for robots, aiming to enable them to perform a wide range of physical tasks. The company has previously raised over $1 billion and is backed by notable venture capital firms.
- Source
- TechCrunch
- Published
- Mar 28, 2026 at 07:59 AM
- Score
- 6.0 / 10