Who is betting on what in AI, and against whom.
VLA architecture from camp 1, RL philosophy from camp 4.
Physical Intelligence builds vision-language-action policies (pi0, pi0.5) that generalize across robot bodies and to homes it has never seen. CapitalG led its $600M Series B at $5.6B in November 2025; it has raised about $1.07B in total.
| Amount | Kind | Valuation | Date | Investors | Source |
|---|---|---|---|---|---|
| $70M | seed | Mar 2024 | Thrive Capital, Sequoia, Lux Capital, Khosla Ventures, OpenAI | Maginative | |
| $400M | Series A | $2.40B post-money | Nov 2024 | Jeff Bezos, OpenAI, Thrive Capital, Lux Capital, Bond | CNBC |
| $600M | Series B | $5.60B post-money | Nov 2025 | CapitalG, Lux Capital, Thrive Capital, Bezos Expeditions, Index Ventures, T. Rowe Price | Bloomberg |