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Physical Intelligence

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Physical Intelligence develops general-purpose robotics foundation models for real-world physical tasks.

sentiment mix
bull 100%bear 0%neu 0%

funding rounds

private markets
latest round
Primary
Jan 2026 | $1B targeted
post-money valuation
$11B post-money
+96% vs 2025 round
total raised
$2B+ disclosed
2 disclosed rounds | updated 2026-07-09
round progression
Primary
Nov 2025
$600M
Primary
Jan 2026
$1B targeted
lead investors
  • Founders Fundlead
  • Lightspeedco
  • Thrive Capitalco
  • Index Venturesco
dateroundamountvaluationinvestors
Jan 2026Primary$1B targeted$11B post-moneyFounders Fund, Lightspeed, Thrive Capital, Index Ventures, Nvidia, Jeff Bezos, T. Rowe Price
Nov 2025Primary$600M$5.6B post-moneyCapitalG

signal summary

latest high-conviction thesis
Physical Intelligence foundation models become universal robotics base layer requiring vertical fine-tuning▾

PI's robotics foundation models are the new starting point for all YC robotics companies, but none work out-of-the-box — every vertical (data center cabling, box packing) requires massive proprietary fine-tuning datasets, creating a data-moat flywheel.

bradT1Y Combinator2026-09-17
confidence 88 / 100impact High
key themes
  • Robotics & Physical AI71%
  • AI Infrastructure71%
  • AI Agents43%
  • AI Economics & Business Models43%
  • World Models & Simulation29%

bull thesis · 11

90 / 100
  • •All YC robotics companies fine-tuning Physical Intelligence models, not using out-of-box
  • •Physical Intelligence foundation models become universal robotics base layer requiring vertical fine-tuning
  • •Physical Intelligence robotics foundation models becoming universal base layer; all YC robotics cos fine-tuning PI

bear thesis · 0

—
  • — none —

mentions · 11

new
Y CombinatorThe State of Startups in 20263 mentions · 3▲ 0▼ 0○ · 8 days ago
0:008:0017:0026:0035:00
Y CombinatorChelsea Finn: This is the State of the Art in Robotics2 mentions · 2▲ 0▼ 0○ · last month
0:0010:0020:0030:0040:00
Y CombinatorWhy Robotics Still Isn't Solved - But Could Be Soon | YC Paper Club2 mentions · 2▲ 0▼ 0○ · 2 months ago
0:006:0012:0018:0025:00
Y CombinatorThe GPT Moment for Robotics Is Here1 mentions · 1▲ 0▼ 0○ · 5 months ago
0:0011:0022:0033:0045:00
Invest Like The BestWorld's Top Researcher on AI, LLMs, and Robot Intelligence1 mentions · 1▲ 0▼ 0○ · 6 months ago
0:002:005:007:0010:00
Invest Like The BestThe Future of AI Agents | Jesse Zhang Interview1 mentions · 1▲ 0▼ 0○ · last year
0:0018:0037:0056:001:15:00
Invest Like The BestInside the Trillion-Dollar AI Buildout | Dylan Patel Interview1 mentions · 1▲ 0▼ 0○ · last year
0:0013:0027:0041:0055:00