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

- Source: OFweek Robotics
- Published: 2026-11-02T06:57:00.000Z
- RoboHot: https://robohot.news/en/items/uy9m45wkxfrkixnmljrt06ngr
- Original: https://robot.ofweek.com/2026-11/ART-8321205-12005-30709801.html

## Summary

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.