AI robotics startup Physical Intelligence seeks over $1 billion in funding, potentially reaching $20 billion valuation

AI robotics firm Physical Intelligence is reportedly negotiating a funding round exceeding $1 billion, with Avenir and Lux Capital leading discussions. This investment could elevate the company's valuation to approximately $20 billion, a substantial increase from its $11.5 billion valuation earlier in 2026. This significant capital injection would fuel further development in the AI robotics sector.