Lux Capital

Headlines · 4

1. 4d
   Physical Intelligence reportedly weighs $1B+ round at $20B valuation

   Bloomberg reports, citing people familiar with the matter, that Physical Intelligence is in talks to raise at least $1 billion at a valuation of roughly $20 billion. Existing backers Avenir and Lux Capital are reportedly considering leading the round, while the company’s earlier valuation was $11.5 billion and it reportedly had no revenue at the time of the talks. The Next Web said it had not independently verified the report.

   Bloomberg Technology · 🔥 0
2. Oct 22
   Formic Raises $50 Million for General-Purpose Factory Robots

   Chicago-based Formic raised $50 million, according to Axios, which reported that the financing included a $40 million Series B and $10 million in asset-backed financing. The Next Web said the money combines a Mercato Partners-led Series B with debt financing from S2G Investments, but noted that Formic did not disclose how the total was split between equity and debt. The financing will support Formic’s move toward general-purpose robots for a wider range of factory work. Formic is also working with Physical Intelligence to adapt the company’s robot foundation models for factory use. Under Formic’s Robot-as-a-Service model, customers pay one monthly fee covering the robots, software, maintenance and financing, with no upfront cost.

   Techmeme · 🔥 0
3. Oct 22
   Warp Sciences raises $215M for AI-driven automated chemistry labs

   Kevin Weil has launched Warp Sciences with $215 million in funding led by Lightspeed Venture Partners, valuing the startup at $865 million including the new money, according to Bloomberg and The Next Web. The company plans a US chemistry laboratory where AI designs experiments, robots execute them, and resulting data improves later experiments, initially focusing on molecular-variant synthesis during lead optimization. MIT Technology Review China reports that the lab remains under development and that Warp Sciences has not published turnaround-time, cost or model-performance data.

   The Next Web · 🔥 0
4. Oct 21
   Flapping Airplanes Raises $1B at $6B Valuation

   Flapping Airplanes raised $1 billion in new funding at a reported $6 billion valuation, led by Index Ventures and Lux Capital, with participation from Sequoia Capital, GV, Kleiner Perkins and others. The AI research startup has not released a commercial product and is pursuing models that use less training data, along with GPU software intended to improve chip efficiency. Its claims about a megakernel framework and overlapping training and inference remain largely unvalidated in independent testing.

   SiliconANGLE AI · 🔥 0

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