Physical Intelligence in talks to raise $1 billion at $11 billion valuation

Physical Intelligence, a robotics startup based in San Francisco, is reportedly in early talks to secure around $1 billion in fresh funding. According to Bloomberg, the proposed deal could value the company at more than $11 billion, nearly double its valuation from only four months ago.

The company was founded in 2024 by artificial intelligence (AI) researchers, including former Google DeepMind scientists, and is focussed on developing advanced AI models for robots.