Thrive Capital
Assembly Line
Robot AI startup Physical Intelligence raises $400 mln from Bezos, OpenAI
Physical Intelligence, a startup that is developing foundational software for robots, said it has raised $400 million in early-stage funding from Amazon’s Jeff Bezos, OpenAI, venture capital firms Thrive Capital and Lux Capital. The new funds were raised at a $2 billion valuation, PitchBook data showed.
Multiple startups are foraying into the robotic AI space, including Vicarious, which was acquired by Alphabet-owned Intrinsic in 2022, Universal Robots, Seegrid, and Covariant.