As of June 2026, Physical Intelligence's confirmed valuation is $5.6 billion — set by its $600M Series B in November 2025 (Bloomberg). In late March 2026, Bloomberg reported the company in talks to roughly double that, to over $11 billion — a round that had not been announced as closed as of this writing. This page keeps the two numbers clearly apart.
TL;DR:
- Confirmed: $5.6B (Series B, Nov 2025; led by CapitalG, with Lux, Thrive, Index, T. Rowe Price, and Jeff Bezos).
- Reported, unconfirmed: >$11B round in talks (Mar 2026; Founders Fund participating per reporting) — watch the live feed below for the print.
- Revenue: none disclosed — pre-commercial robot foundation models (the π-series VLAs). ~$1.07B raised to date; ~80 people.
- The "ChatGPT for robots" bet, in its purest form.
Valuation History
| Date | Round | Raised | Post-money valuation |
|---|---|---|---|
| Mar 2026 | In talks — UNCONFIRMED | ~$1B target | >$11B reported |
| Nov 2025 | Series B | $600M | $5.6B |
| Nov 2024 | Series A | $400M | $2.4B |
| Mar 2024 | Seed | ~$70M | ~$400M |
Sources: Series B — Bloomberg · 2026 talks — TechCrunch.
What the Number Is Pricing
Physical Intelligence sells nothing yet, on purpose. Its π-series models are trained to control any robot body — the bet is that manipulation generalizes the way language did, and that whoever owns the general robot brain owns the layer above every hardware maker. A doubling valuation on zero revenue in four months tells you how much conviction (and competition among investors) that thesis commands — the same dynamic that took rival Skild AI to $14B+ two months earlier.
The risk is symmetrical: with no commercial deployments, every markup is priced on research milestones and team, and the field's hardware players (see the live robotics startups ranking) are converging on the same foundation-model territory from the other direction.
Latest Physical Intelligence Signals, Live
What to Watch Next
- The $11B round printing — or not. If it closes, PI doubled on research progress alone; if it quietly dies, that's a sentiment signal for the whole robot-foundation-model cluster.
- First commercial deployment. Any paid π-model deployment converts this from a research valuation to a business one.
- The talent war. PI's moat is ~80 of the best robot-learning researchers alive; departures or defections move the thesis more than press releases.
Hit Watch on Physical Intelligence's company profile for new signals by email. Related: Skild AI valuation · Figure AI valuation · robotics startups, live-ranked · the physical AI theme.
Editorial figures as of June 10, 2026. The signal feed above updates continuously.
Frequently Asked Questions
What is Physical Intelligence worth in 2026?
The confirmed number is $5.6 billion post-money, from its $600M Series B in November 2025, led by CapitalG with Lux, Thrive, Index, T. Rowe Price, and Jeff Bezos. In March 2026 Bloomberg reported the company in talks to raise ~$1B at over $11 billion — but no close had been announced as of June 2026, so treat $11B as reported, not real, until it prints.
Does Physical Intelligence have revenue?
None publicly reported. The company is pre-commercial: it builds robot foundation models (the π series of vision-language-action models) intended to power many robot bodies, rather than selling robots or software at scale today. The valuation is a pure platform bet.
Who founded Physical Intelligence?
A research supergroup: Karol Hausman, Sergey Levine, and colleagues from Google DeepMind/Brain and Berkeley — among the most-cited researchers in robot learning. The founding pedigree is a large part of what the valuation is pricing.
How does Physical Intelligence compare to Figure AI and Skild AI?
Three different bets on the same thesis. Figure ($39B) builds humanoid hardware plus its own models; Skild ($14B+) and Physical Intelligence ($5.6B confirmed) build hardware-agnostic robot brains. PI is the most research-flavored and, by confirmed marks, the cheapest of the three — which is exactly why the rumored $11B round is worth watching.