TNW | Investors-funding
Physical Intelligence in talks at a $20bn valuation, Bloomberg reports
Physical Intelligence wants at least $1bn, with existing backers Avenir and Lux Capital in talks to lead. Bloomberg’s sources say it has no revenue yet.
By TNW | Investors-funding
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Credit: Physical Intelligence
Robotics AI startup Physical Intelligence is in talks to raise money at a valuation of about $20bn. It builds AI software that lets robots handle real-world tasks. Rebecca Torrence and Natasha Mascarenhas reported the talks for Bloomberg on Tuesday, citing people familiar with the matter.
The round would raise at least $1bn…
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