Physical Intelligence funding rounds & valuation history
Physical Intelligence, the San Francisco lab building general-purpose AI models for robots. Funding from the Seed (Mar 2024) to the Series B (Nov 2025) plus later status rows, sourced to TechCrunch, The Robot Report and CNBC.
Round history
Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.
| Date | Status | Round | Amount | Lead / buyer | Valuation | Val. ÷ run-rate | Source |
|---|---|---|---|---|---|---|---|
Reported talks |
Reported raise of about $1BFounders Fund set to participate and Lightspeed in talks, per Bloomberg as reported by TechCrunch. Later press says it closed, and Bloomberg (Oct 2026) reported new talks near $20B; neither was confirmed by an authority source we could read, so the last closed row stays Nov 2025. |
~$1B (reported) |
—Not disclosed |
Over $11B (reported)Reported talks (Bloomberg via TechCrunch); CSV cells empty |
—Not disclosedTalks-stage or discussed figure; no multiple |
||
Closed round |
Series BMonth only. Lead per CapitalG’s own post on the deal; not repeated in the captured news text. |
$600M |
CapitalG |
About $5.6BReported (Bloomberg, cited by The Robot Report and TechCrunch)2.33× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Funding round (Nov 2024) |
$400M |
—Not disclosedWith: Jeff Bezos, OpenAI, Thrive Capital, Lux Capital, Bond Capital |
$2.4BPost-money, confirmed by the company to CNBC6.00× vs prior closed |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
SeedMonth only; figures are press reports, not company-stated. |
$70M |
—Not disclosed |
$400M (reported)Reported (CNBC: “reportedly came in at”) |
—Not disclosedNo run-rate stated in the announcement |
Valuation at each closed round
Valuations as stated or reported at each closed round with a disclosed figure; talks, tenders and filings are not plotted.
Sources: TechCrunch, The Robot Report, CNBC. US$ billions, linear scale.
Timeline
Each round and share sale, oldest first.
- Mar 2024 · Closed
Seed: $70M at $400M (reported).
- 4 Nov 2024 · Closed
Funding round (Nov 2024): $400M at $2.4B.
- Nov 2025 · Closed
Series B: $600M at About $5.6B led by CapitalG.
- 27 Mar 2026 · Talks
Reported raise of about $1B: ~$1B (reported).
Cite this dataset
Free to quote with a link back. Copy this citation:
Physical Intelligence Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/physical-intelligence/
Download the data
The same 4 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.
- File
physical-intelligence-rounds.csv(UTF-8, comma-separated)- Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/physical-intelligence-rounds.csv- Columns
id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated- Updated
- (IST)
Methodology & status definitions
How each row is labelled and calculated.
Closed round
A primary round announced by the company or confirmed in the press, bringing new money to the company.
Reported talks
A raise reported by the press as under discussion and not confirmed as closed. Not charted, not the last-closed valuation; no step-up or multiple.
Valuation ÷ run-rate
Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.
What is not a separate row
Any 2026 close not confirmed by an authority source (a ~$1B round at ~$11B reported closed in May 2026 by lower-authority sites; Bloomberg Oct 2026 talks at ~$20B, paywalled).
Updates & corrections
This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.
Changelog
- : Dataset first compiled (batch 3, not yet published).