# P-1 AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/p-1-ai

- Industry: Software
- Headquarters: US
- Website: www.p-1.ai
- Total disclosed funding: $73M
- Latest round: Series A (Jul 29, 2026)
- Investors on record: 5

## About

P-1 AI, Inc. is a technology company focused on delivering innovative artificial intelligence solutions for engineering applications, enhancing productivity and design processes for industrial sectors.

Based in US, P-1 AI was founded in 2024 and was co-founded by Paul Eremenko, CEO, and Adam Nagel. P-1 AI, Inc. develops AI-driven engineering solutions, particularly its flagship product, Archie. In July 2026, P-1 AI, Inc. raised USD 50 million in series A funding led by New Enterprise Associates. 


P-1 AI specializes in developing advanced artificial intelligence solutions focused on engineering applications, with its flagship product being Archie. Archie functions as an AI engineer, leveraging quantitative and spatial reasoning to perform tasks traditionally undertaken by entry-level design engineers. Key functionalities include distilling design drivers from project requirements, generating product concepts and variants, conducting first-order design trades, and selecting appropriate engineering tools for detailed design processes. The end users of Archie are engineering teams within industrial companies across various sectors, including manufacturing, aerospace, and automotive. P-1 AI aims to deploy Archie in markets across North America and Europe, collaborating with companies seeking to enhance their engineering capabilities through AI-driven solutions.

P-1 AI's revenue model is primarily based on business-to-business transactions, wherein industrial clients can integrate Archie into their engineering workflows. The company offers subscription-based pricing plans tailored to the needs of its clients, allowing organizations to access and utilize Archie’s capabilities on a recurring basis. This structure enables clients to leverage the AI tool for various engineering tasks without the need for substantial upfront investments. Partnerships with industrial firms facilitate the adoption of Archie, as companies implement the technology to streamline their design processes and improve efficiency. Specific pricing plans and transaction structures are designed to accommodate the varying scales of client operations, thus ensuring a broad reach within the industrial sector.


The company plans to use the July 2026 funding to expand deployment of Archie, grow its product and deployment teams, and increase computing resources for model training.

## Funding rounds

- Series A, Jul 29, 2026, $50M — New Enterprise Associates
- Seed, Apr 28, 2025, $23M — Lerer Hippeau Ventures, Radical Ventures, Village Global, Schematic Ventures

## Investors

- Lerer Hippeau Ventures — Seed
- Radical Ventures (https://capitalatlas.ai/funds/radical-ventures) — Seed
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed
- Schematic Ventures (https://capitalatlas.ai/funds/schematic-ventures) — Seed
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A