Physical Intelligence: in talks to double its valuation to $20 billion

Open · 2 updates · since Oct 27, 2026 · updated Oct 29, 2026 Robots

Where it stands: Robot foundation-model startup Physical Intelligence is still in talks to double its valuation to about $20 billion, with no lead investor, amount, or closing timeline named. Its Pi API beta is opening its robot models to developers. Watch whether the round closes at $20 billion and what the capital funds.

Latest

• 2026-10-29
  (~7:23 AM ET, RobotsBeat — robotsbeat.com): the talks recur and gain a product fact — RobotsBeat reports new financing discussions still at about a $20 billion valuation, alongside the Pi API beta opening its robot models to developers; the round remains unclosed, with no lead, size, or closing timeline. Watch: named beta users or integrations, round close and terms.

  

• 2026-10-27 (~4:48 PM ET, Startup Fortune, per Bloomberg — startupfortune.com): Physical Intelligence is in talks to double its valuation to $20 billion — the robot foundation-model startup joining Figure AI and Skild AI atop a surging embodied-AI valuation wave. New financing lane for the robot-software layer beside the hardware-side market threads (Unitree's >60% climb, Beijing's tightening IPO stance). No lead investor, raise size, or closing timeline in the reporting. Watch: whether the round closes at $20B, named lead, what the capital funds.