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HISTORICAL P100 / #60

Physical Intelligence

Robotics AI · United States

Historical ranking valuation$5.60BSource snapshot: Jun 19, 2026
Financing events4
Named participants5
Captables stories1

Disclosed primary funding in this record

$1B

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

2 confirmed primary rounds with disclosed USD amounts · Record through 2026-09-25
THE BUSINESS

Get to know Physical Intelligence.

Physical Intelligence researches general-purpose robotic foundation models and learning algorithms. Its public work describes robot-control policies intended to transfer across different tasks and robot embodiments; research results are not a claim of broad commercial deployment.

Physical Intelligence research overview ↗Source checked Sep 24, 2026

Valuation history

Valuations reported at the time of each round.

No dated financing valuation has passed into this record.

Funding history

Funding rounds, debt and other financing events.

3sourced events · record as of 2026-09-25

CapitalG identifies its $600M November 2025 Series B and Reuters reported Physical Intelligence's $400M November 2024 financing. Stifel lists a $70M March 2024 seed from PitchBook data. The purported 2026 Series C is disputed: FundBat lists $800M in July; Forge lists $1.05B in May. Neither is issuer-confirmed here. Dates of announcements or database entries are not proven close dates; no complete legal register is available. Status source ↗

Nov 20, 2025LATEST SOURCED
primary

Series B

CapitalG (lead)

CapitalG describes leading Series B and its November 20 index identifies a $600M round. The date is its announcement date, not an independently authenticated closing day; the imported pooled co-investor list is withheld.

Amount$600MValuationUndisclosed
Nov 4, 202402
primary

November 2024 financing (series unverified)

Jeff Bezos · Thrive Capital · Lux Capital · OpenAI

Reuters reports the company's $400M announcement and these four named investors, without assigning an individual lead or legal series label. November 4 is the report date, not a proven settlement date.

Amount$400MValuationUndisclosed
Mar 12, 202401
primary

Seed

Thrive Capital (lead)

Stifel's PitchBook-derived March table reports $70M seed financing led by Thrive. No original issuer financing document or other round-level participant allocation was inspected.

Amount$70MValuationUndisclosed
Unverified database leads (1)

These database claims have not been independently verified and are excluded from the sourced-event count.

2026UNVERIFIED
primary

Disputed 2026 Series C database claims

Investor participation not independently verified

Forge lists May 21, $1.05B and $11.19B post-money; FundBat lists July 1 and $800M. These conflicting database entries are one unresolved potential round, not two closes or a verified amount. Neither source authenticates issuer proceeds here.

Amount$800M / $1.05B conflicting listingsValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.

CapitalG

Series B · Nov 20, 2025 · Lead participant · primary · Confirmed · Confirmed source ↗

Jeff Bezos

November 2024 financing (series unverified) · Nov 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Thrive Capital

November 2024 financing (series unverified) · Nov 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Seed · Mar 12, 2024 · Lead participant · primary · Reported · Reported source ↗

Lux Capital

November 2024 financing (series unverified) · Nov 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

OpenAI

November 2024 financing (series unverified) · Nov 4, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Ownership evidence

Opening ownership research…

Captables coverage