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Physical Intelligence in talks for $1 billion new funding at a target valuation of about $20 billion

Foreign media report that Physical Intelligence is in talks for a new funding round, planning to raise at least $1 billion at a target valuation of about $20 billion, more than 8 times its $2.4 billion valuation in November 2024. The company was founded in 2024, develops the π series of robot models, and opened a beta version of the Pi API on October 13. The article also compares Skild AI: 10 months of formal commercial deployment, more than 60 paying customers, ARR exceeding $100 million, and cumulative recognized revenue of $50 million.

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