# Physical Intelligence funding: rounds and investors > Physical Intelligence has raised $2.0B across 3 rounds since 2024. Investors include Lux Capital, Thrive Capital and Bond. Every round with its source. Source: https://millionrounds.com/company/physical-intelligence (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Physical Intelligence* 3 rounds we have observed, with the 14 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Robotics Raised 7 months ago Valuation: $5.6B, Mar 2026 Follow Physical Intelligence and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fphysical-intelligence) Funding summary Updated 5 Nov 2026 **$2.0B** raised across 3 rounds since 2024, from 6 sources **$400M** Round **$600M** Series B **$1.0B** Round - **Latest round:** Round, $1.0B Mar 2026 - **Step-up i:** 1.7× - **Investors:** 14 (4 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2025 2026 **$400M** Round **$600M** Series B **$1.0B** Round - **First round:** Round, $400M - **Biggest round:** $1.0B - **Usual gap between rounds:** 12 months ## The rounds - **Mar 2026** Round **$1.0B** *2 new* *2 returning* [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Founders Fund](https://millionrounds.com/fund/founders-fund) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Thrive Capital](https://millionrounds.com/fund/thrive-capital) Reported by TechCrunch - **Nov 2025** Series B **$600M** *5 new* *2 returning* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [Index Ventures](https://millionrounds.com/fund/index-ventures) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) [Bond](https://millionrounds.com/fund/bond) Source recorded - **Nov 2024** Round **$400M** *7 new* [Lux Capital](https://millionrounds.com/fund/lux-capital) Lead [Thrive Capital](https://millionrounds.com/fund/thrive-capital) Lead [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) Lead [Jeff Bezos](https://millionrounds.com/fund/jeff-bezos) Lead [Redpoint](https://millionrounds.com/fund/redpoint) [Bond](https://millionrounds.com/fund/bond) [OpenAI](https://millionrounds.com/fund/openai) Reported by Crunchbase News and 3 others ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2024 **Series B** 2025 **Round** 2026 [Lux Capital](https://millionrounds.com/fund/lux-capital) L [Thrive Capital](https://millionrounds.com/fund/thrive-capital) L [Bond](https://millionrounds.com/fund/bond) [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) L [Jeff Bezos](https://millionrounds.com/fund/jeff-bezos) L [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [General Catalyst](https://millionrounds.com/fund/general-catalyst) [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) [Founders Fund](https://millionrounds.com/fund/founders-fund) ## Everyone who backed them [Lux Capital](https://millionrounds.com/fund/lux-capital) VC firm **3** rounds, led 1 [Thrive Capital](https://millionrounds.com/fund/thrive-capital) Accelerator **2** rounds, led 1 [Bond](https://millionrounds.com/fund/bond) Growth equity **2** rounds [Bezos Expeditions](https://millionrounds.com/fund/bezos-expeditions) Family office **1** round, led 1 [Jeff Bezos](https://millionrounds.com/fund/jeff-bezos) Angel **1** round, led 1 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round [General Catalyst](https://millionrounds.com/fund/general-catalyst) VC firm **1** round [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm **1** round [Khosla Ventures](https://millionrounds.com/fund/khosla-ventures) VC firm **1** round [Founders Fund](https://millionrounds.com/fund/founders-fund) VC firm **1** round [Index Ventures](https://millionrounds.com/fund/index-ventures) VC firm **1** round [Redpoint](https://millionrounds.com/fund/redpoint) VC firm **1** round [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) Family office **1** round [OpenAI](https://millionrounds.com/fund/openai) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=physical-intelligence). ## Also claim to have backed them These 7 firms list Physical Intelligence as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Avenir](https://millionrounds.com/fund/avenir) VC firm Per its own site [Positive Sum](https://millionrounds.com/fund/positive-sum) Private equity Per its own site [Alkeon Capital](https://millionrounds.com/fund/alkeon-capital) VC firm Per its own site [Avra](https://millionrounds.com/fund/avra) VC firm Per its own site [ANTI FUND](https://millionrounds.com/fund/anti-fund) VC firm Per its own site [Factorial Funds](https://millionrounds.com/fund/factorial-funds) VC firm Per its own site [CoreNest Capital](https://millionrounds.com/fund/corenest-capital) VC firm Per its own site ## Quick answers about Physical Intelligence ### Who invested in Physical Intelligence? Physical Intelligence's investors include Lux Capital, Thrive Capital, Bond, Bezos Expeditions and Jeff Bezos, and 9 more on record. ### How much has Physical Intelligence raised? Physical Intelligence has raised $2.0B across 3 rounds since 2024. ### When did Physical Intelligence last raise? Physical Intelligence's most recent round, $1.0B, was in Mar 2026. ### What was Physical Intelligence's biggest round? Its most recent round, $1.0B in Mar 2026, is also its largest on record. ### Who backed Physical Intelligence first? Physical Intelligence's first round on record, in Nov 2024, was backed by Lux Capital, Thrive Capital and Bezos Expeditions and 4 others. ### What stage is Physical Intelligence at? Physical Intelligence's latest named round is a Series B, in Nov 2025. ### Where is Physical Intelligence based? Physical Intelligence is based in the United States. ### Who led Physical Intelligence's rounds? Lux Capital led the Undisclosed round in 2024. ## Companies like Physical Intelligence In the same sector, and raised in the last eighteen months. [**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Agrani Labs** $123M · Nov 2026](https://millionrounds.com/company/agrani-labs)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app