Mentioned:
Some of the biggest venture capital investors in the world are pouring hundreds of millions of dollars into a startup building artificial intelligence models for robotics. But, why?
What’s happening:
- Google’s (NASDAQ: GOOG) independent investment fund CapitalG has led a new $600M USD Series B financing round into Physical Intelligence
By the numbers:
- The new Series B funding round gives Physical Intelligence a valuation of approximately $5.6B USD
Why it matters:
- Physical Intelligence is developing leading edge general purpose artificial intelligence models that are designed to be compatible with multiple different types of robotics hardware
Going deeper:
- Physical Intelligence was originally incubated and founded by former Google DeepMind researchers as well as former talent from Stripe and leading engineers from Stanford and Berkeley
- Multiple other notable investors and venture capital funds participated in Physical Intelligence’s Series B round including Amazon (NASDAQ: AMZN) founder Jeff Bezos, Lux Capital, Thrive Capital and Index Ventures
