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Physical Intelligence

Extremely fast fundraising cadence: valuation went from $400M to $5.6B in under two years, with a reported $11B round in talks — among the fastest markups in embodied AI

Worth-Joining Index · Scorecard

v2.1 ALPHA · 2026-08

Career Score

/100

Coverage

51%

Verified

17%

Stage cohort

Early

Vibe Check

🎪 community voting coming soon

Momentum
4/4
Efficiency
unknown
Backing
8/8
Market
7.7/11
Product
6.6/11
Upside
4/8

Latest valuation

$5.6B (last confirmed round, ~2025-11); $11B+ valuation reported in talks as of 2026-03 but not confirmed closed

Reported in-progress round · 2026

Total raised

~$1.02B prior to new round (excludes new $1B round still in talks as of 2026-03)

as of 2026-03

Team size

~80名员工

figures vary
机器人具身智能基础模型Founded · 2024Stage · Growth (Series C-equivalent)HQ · San Francisco, CASize · ~80名员工 (2026-01)

Traction · Key numbers

Valuation pace2024-03 seed $400M → 2024-11 $2.4B → 2025-11 $5.6B, reportedly in talks for $11B in 2026 Publicly verifiableas of 2025-11
Headcount~80 employees (Jan 2026)~ 3rd-party estimateas of 2026-01
Total raised~$1.02B raised to date (excludes reported ~$1B new round in talks) Publicly verifiableas of 2025-11

Funding

Total raised

~$1.02B prior to new round (excludes new $1B round still in talks as of 2026-03)

Rounds

4

Valuation pace

~20 months from $400M to $5.6B

~$1B

Reported in-progress round · 2026 · valuation $5.6B (last confirmed round, ~2025-11); $11B+ valuation reported in talks as of 2026-03 but not confirmed closed · led by Founders Fund, Lightspeed Venture Partners (reported leads of round in talks as of 2026-03; not confirmed closed)

With: Lightspeed Venture Partners, Thrive Capital, Lux Capital · Reportedly in talks, not yet confirmed closed

$600M

Funding round · 2025-11 · valuation $5.6B post · led by CapitalG

With: Lux Capital, Thrive Capital, Jeff Bezos, Index Ventures, T. Rowe Price · More than doubled the prior round's valuation

$400M

Funding round · 2024-11 · valuation $2.4B post · led by Thrive Capital, Lux Capital

With: Jeff Bezos, OpenAI, Bond Capital, Khosla Ventures, Sequoia Capital

S

$70M

Seed · 2024-03 · valuation $400M post

Extremely fast fundraising cadence: valuation went from $400M to $5.6B in under two years, with a reported $11B round in talks — among the fastest markups in embodied AI

Top-tier investor roster — Thrive Capital, Lux Capital, CapitalG, and Founders Fund have each doubled down, signaling repeated diligence conviction in the research team and the π0 model family

But the valuation markup is running well ahead of revenue or real-world deployment proof — a narrative-driven raise rather than a revenue-driven one

Founders

Karol Hausman CEO

Former Staff Research Scientist at Google DeepMind and adjunct professor at Stanford

Sergey Levine Chief Scientist

Associate professor at UC Berkeley, pioneer of deep reinforcement learning for robotic manipulation

Chelsea Finn Co-founder

Researcher in robotics and meta-learning

Lachy Groom Co-founder

Stripe veteran bringing commercial and product experience

Reality · Working here

H1B / PERMUnknown
Remote policyUnknown
Comp modelUnknown
GlassdoorUnknown — work here? Help us fill this in →
Equity liquidityUnknown
Hiring statusUnknown

Signals & Risks

CompetitorsFigure AISkild AI1X Technologies
ValuationValuation surged from $400M to $5.6B (and reportedly toward $11B) in under two years, far outpacing demonstrated product/revenue validation
Execution riskGeneral-purpose robot foundation models remain early-stage research; real-world scalable deployment is still unproven
CompetitionWell-funded rivals like Figure AI and Skild AI are chasing the same embodied-AI opportunity

Editorial ✎

Good fit for

· Robot learning / RL researchers — one of the few places treating 'general-purpose robot foundation models' as the core thesis, with real resources behind it

· People comfortable with long-horizon, high-uncertainty research — this runs more like a top AI lab than a startup with near-term shipping pressure

· Those who want the strongest investor brand halo in embodied AI (Thrive, Lux, CapitalG, Founders Fund) on their resume

Not for

· Those wanting near-term product/commercial wins — real-world scaled deployment is still far off, and work may stay demo/lab-stage for a long while

· Those uncomfortable with narrative-driven valuations — the markup has far outpaced revenue and deployment proof, leaving real repricing risk if sentiment shifts

Ask in the interview

1. How many real (non-lab) deployments does the π0 model family currently run in, and are any customers actually paying?

2. Compared to similarly well-funded peers like Figure AI and Skild AI, what specifically is Physical Intelligence's technical or data moat?

3. If the rumored $11B round doesn't close as expected, how does that change the runway and headcount plan?

Data changelog

Community corrections → editorial review → applied, fully on the record

2026-09-02
最近一轮领投机构 filled in as Founders Fund、Lightspeed Venture Partners (reported leads of round in talks as of 2026-03; not confirmed closed)

data as of 2026-03 · Source: TechCrunch

Publicly verifiable
2026-09-02
最近一轮估值 filled in as $5.6B (last confirmed round, ~2025-11); $11B+ valuation reported in talks as of 2026-03 but not confirmed closed

data as of 2025-11 · Source: TechCrunch

Publicly verifiable
2026-09-02
累计融资额 filled in as ~$1.02B prior to new round (excludes new $1B round still in talks as of 2026-03)

data as of 2026-03 · Source: TechCrunch

Publicly verifiable
2026-09-02
团队规模 filled in as ~80名员工 (2026-01)

data as of 2026-01 · Source: TechCrunch

Publicly verifiable
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