What does PhysicsX do?
PhysicsX is a physical AI company that builds an innovative software stack designed to deliver deep AI enablement across the entire engineering lifecycle. The company serves sectors including aerospace and defense, automotive, semiconductors, materials, and energy, partnering with organizations to address their complex engineering challenges.
How much did they raise?
The company raised $135M in a Series B funding round, led by Atomico with participation from investors such as Temasek, Siemens, Applied Materials, July Fund, and continued support from existing investors like General Catalyst, NGP, Radius Capital, Standard Investments, and Allen & Co.
What are their plans for the money?
PhysicsX intends to use the new capital to accelerate its global growth and drive the industrial adoption of its enterprise software platform, potentially significantly transforming how industries integrate advanced physical AI solutions into their operations.
What have they achieved so far?
The latest investment boosts PhysicsX's total funding to nearly $170M, highlighting its progress and growing investor confidence as it continues to advance its technology and market presence.
