Physical Intelligence reportedly weighs $1B+ round at $20B valuation
AI summary
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.
In-depth insight
The proposed financing would be a major capital signal for embodied AI, but it remains a negotiated deal rather than a completed round.
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