San Francisco-based startup Physical Intelligence recently announced a successful fundraising round of $400 million, bringing its post-money valuation to $2.4 billion. This round attracted the attention of several high-profile investors, including Amazon founder Jeff Bezos, OpenAI, Thrive Capital, and Lux Capital.
According to the company's spokesperson, Bond Capital also participated in this investment, while Khosla Ventures and Sequoia Capital are listed among its investors.
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Physical Intelligence's latest valuation is six times higher than its seed round in March. At that time, the company completed a seed round of $70 million with a valuation of $400 million. This remarkable growth demonstrates high market recognition of its prospects. The company's team consists of experts who have worked at renowned companies such as Tesla, Google DeepMind, and X.
Physical Intelligence is dedicated to bringing general artificial intelligence into the physical world, aiming to develop large-scale AI models and algorithms to drive robotics technology. Over the past eight months, the company has focused on developing a "general" AI model for robotic operations. This model will be the first step towards artificial general intelligence (AGI), which refers to AI technology capable of matching or surpassing human intelligence across multiple tasks.
This news comes as OpenAI has just launched a new search feature aimed at enhancing the competitiveness of its ChatGPT chatbot against search engines like Google, Microsoft Bing, and Perplexity. Last month, OpenAI also completed its latest round of funding with a valuation of $157 billion.
Physical Intelligence envisions a future where users can easily command robots to perform various tasks just like using large language models (LLM) and chat assistants. The company has showcased some cases on its blog, demonstrating how its technology can enable robots to perform tasks such as laundry, clearing the dining table, or assembling boxes.
Key Points:
🤖 Physical Intelligence has successfully raised $400 million with a post-money valuation of $2.4 billion.
🚀 Investors include Jeff Bezos, OpenAI, and several venture capital firms, with a strong team background.
🧠 The company is committed to developing general AI models to enable a variety of functions and applications for robots.
