Industrial AI startup PhysicsX, has raised $135 million as part of its Series B financing, bringing its total funding to nearly $170 million.
Co-founded by Robin Tuluie, formerly Head of R&D at Renault (Alpine) F1 and Mercedes F1 and Vehicle Technology Director at Bentley Motors, and Jacomo Corbo, formerly Chief Scientist and Co-Founder of QuantumBlack (AI by McKinsey) and Chief Race Strategist at Renault (Alpine) F1, PhysicsX is building a new engineering software stack to bring deep AI enablement to the whole engineering lifecycle.
Its mission: to equip advanced manufacturing organisations in critical industries with the tools to solve their hardest challenges at a radically accelerated pace.
Today, engineering and advanced manufacturing are hindered by resource and skill bottlenecks, struggling to keep pace with the increasing complexity and speed of change.
PhysicsX is building into this gap with the conviction that AI-native engineering software can solve many of the most fundamental challenges inherent to hardware innovation.
While AI has already transformed many fields, it has yet to be successfully and scalably applied to engineering and manufacturing. The potential is enormous: to compress timelines, enhance performance, reduce waste, and unlock entirely new categories of machines and processes. PhysicsX is building a new technology stack designed to enable AI-driven acceleration, automation, and optimisation across the entire product lifecycle.
“This round reflects the importance and the needs of the industries that we’re building into,” said Jacomo Corbo, CEO and co-founder of PhysicsX.
“The tectonic plates of the whole global economy are being reshaped by industrial manufacturing. Geopolitical currents and the questions of sovereignty and supply chain resilience are most strongly felt here. At the same time, innovation within these fields has never been more urgent.
We’re building into that unmet need and bringing new software and AI capabilities to fundamentally overhaul what engineering looks like today and transform how hardware innovation is executed.”
Atomico led the round, with participation from Temasek, Siemens, Applied Materials, and July Fund, as well as continued support from existing investors, including General Catalyst, NGP, Radius Capital, Standard Investments, and Allen & Co.
According to Laura Connell, Partner at Atomico, by fusing frontier AI research with deep industrial expertise, the PhysicsX team is building transformative tools for the sectors that underpin the global economy.
“PhysicsX is a developer-first AI platform that redefines what's possible for engineers. Since our investment nearly 2 years ago, PhysicsX has significantly scaled their team and solutions to help the world’s advanced industries better design, build and operate their most critical and complex systems," said Paul Kwan, Managing Director at General Catalyst.
PhysicsX’s technology is already embedded in the workflows of critical engineering and manufacturing organisations, solving high-stakes, real-world problems in the most demanding environments.
Peter Koerte, Member of the Managing Board, Chief Technology Officer, and Chief Strategy Officer at Siemens, shared:
"PhysicsX, with its strong European roots, can drive global transformation in industrial AI while building on Europe's industrial strength and world-class AI talent pool to create solutions that will define the future of manufacturing, particularly in mission-critical applications where performance and reliability are paramount. "
Since its Series A in November 2023, PhysicsX has scaled rapidly, growing to a team of over 150 and more than quadrupling revenue over the last two years.
The capital raised will accelerate the company’s global growth and the industrial adoption of its enterprise software platform across aerospace and defence, automotive, semiconductors, materials, and energy.
Lead image: PhysicsX. Photo: uncredited.
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