Key takeaways
- Physical Intelligence's only confirmed valuation is $5.6B (Series B, Nov 2025); a reported >$11B round was in talks as of March 2026 but had not closed — treat $11B as rumored until it prints.
- Physical Intelligence is mentioned in 113 of the 1,150+ expert conversations we've analyzed — one of the most-discussed pre-revenue robotics labs in our corpus, a sign of how much investor attention the "robot brain" thesis commands.
- There is no disclosed revenue: the valuation is a pure platform bet on the π-series vision-language-action models generalizing across robot bodies.
- Most coverage quotes a single headline number; what matters is keeping the confirmed $5.6B mark separate from the unconfirmed >$11B talks until a close is announced.
Mention counts from Teahose's analysis of 1,150+ expert podcast, newsletter & research summaries, June 2026.
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.
Key takeaways
- 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.
Each bar counts how many of Teahose's 1,150+ expert summaries mention it (word-boundary match across our podcast, newsletter, and paper corpus, June 2026).
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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.
Bottom line: Physical Intelligence's only confirmed valuation is $5.6B (Series B, November 2025); the reported >$11B round was still in talks as of March 2026 and should be treated as rumored until it prints — a pure platform bet on its π-series robot foundation models with no disclosed revenue.
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.
Is the Physical Intelligence $11 billion valuation real?
Not yet. The $11 billion figure comes from March 2026 reporting that Physical Intelligence was in talks to raise around $1 billion at over $11 billion, but no close had been announced as of June 2026. The only confirmed mark is the $5.6 billion post-money set by its November 2025 Series B. Until a round prints, the $11 billion number should be read as a reported target, not a closed valuation.
Who are the investors in Physical Intelligence?
The confirmed $600M Series B in November 2025 was led by CapitalG, with participation from Lux Capital, Thrive Capital, Index Ventures, T. Rowe Price, and Jeff Bezos. Earlier rounds drew similar deep-pocketed backers, and the March 2026 talks reportedly included Founders Fund. The investor roster is itself part of what the valuation is pricing.
How much money has Physical Intelligence raised in total?
Roughly $1.07 billion across its seed (about $70M at around $400M), Series A ($400M at $2.4B in November 2024), and Series B ($600M at $5.6B in November 2025). That capital funds a team of about 80 people building robot foundation models, with no product revenue disclosed.
Why is Physical Intelligence valued so highly with no revenue?
The valuation prices a thesis, not a P&L. Physical Intelligence is betting that robot manipulation will generalize the way language did, and that owning the general "robot brain" layer captures value above every hardware maker. With no commercial deployments, every markup rests on research milestones and the founding team's pedigree — which is why a fading round would be a louder signal for the whole robot-foundation-model field than any single press release.