# Physical Intelligence (Pi)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/physical-intelligence-pi

- Industry: Software
- Headquarters: Sacramento, US
- Website: www.pi.website/
- Total disclosed funding: $1.1B
- Latest round: Series B (Nov 20, 2025)
- Investors on record: 11

## About

Founded in 2024 and based in California, US, Physical Intelligence offers general-purpose artificial intelligence for daily usage. Based in the US, Physical Intelligence offers general-purpose artificial intelligence for daily usage. In early 2026, Physical Intelligence raised venture funding co-led by Lux Capital and Situational Awareness, with participation from Accel, Kleiner Perkins, Founders Fund, Iconiq, Thrive Capital, Openai Startup Fund Management, and Sequoia. The venture funding values the company at around USD 11.5 billion post-money. The company will use the early 2026 funding to finance its rapid physical expansion.

## Funding rounds

- Series B, Nov 20, 2025, $600M — Index Ventures, Redpoint Ventures, Hong Shan, T Rowe Price, Emergence Capital, Lux Capital, Thrive Capital, CapitalG, Bond, Openai Startup Fund Management
- Series A, Nov 4, 2024, $400M — Redpoint Ventures, Lux Capital, Thrive Capital, Bond, Openai Startup Fund Management
- Seed, Mar 12, 2024, $70M — Hong Shan, Khosla Ventures, Lux Capital, Thrive Capital, Openai Startup Fund Management

## Investors

- Hong Shan — Seed, Series B
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed
- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Seed, Series A, Series B
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Seed, Series A, Series B
- Openai Startup Fund Management (https://capitalatlas.ai/funds/openai-startup-fund-management) — Seed, Series A, Series B
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B
- Bond (https://capitalatlas.ai/funds/bond) — Series A, Series B
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B
- T Rowe Price (https://capitalatlas.ai/funds/t-rowe-price) — Series B
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series B
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series B