Physical Intelligence secured $400 million in funding, reaching a $2.4 billion post-money valuation. Key investors include Amazon’s Jeff Bezos, OpenAI, Khosla Ventures, and Sequoia Capital, among others. This valuation marks a sixfold increase from its March seed round of $70 million. The San Francisco-based startup aims to bring general-purpose AI into the physical world by creating large-scale AI models to power robots. The startup’s recent efforts focus on developing a general-purpose AI model as a foundational step toward achieving artificial general intelligence.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Digital intelligence secured $400 million in funding, reaching a $2.4 billion post-money
00:07evaluation. Key investors including Amazon's Jeff Bezos, OpenAI, Coastal Adventures,
00:12and Sequoia Capital, among others. This evaluation marks a sixfold increase from
00:16its March seed, around $70 million. The San Francisco-based startup aims to bring
00:21a general-purpose AI into the physical world by creating large-scale AI models to power robots.
00:26The startup's recent efforts focused on developing a general-purpose AI model
00:30as a foundational step towards achieving artificial general intelligence.
00:34For all things money, visit Benzinga.com.