Physical Intelligence in talks to raise at least $1 billion at a valuation of about $20 billion
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
Investors are prepared to value a company building SI for robots at about $20 billion.
According to Bloomberg, as relayed by Quartz, the startup Physical Intelligence, which develops SI software to control robots in real-world tasks, is discussing raising at least $1 billion at a valuation of about $20 billion, nearly double its current one. Bloomberg's sources familiar with the matter named existing backers Avenir and Lux Capital as possible lead investors in the round.
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