In a significant boost to the AI and engineering sector, Singapore's state investment firm Temasek has joined a $135 million Series B funding round for PhysicsX, a London-based AI startup. The round, led by Atomico, also saw participation from notable investors such as Siemens, Applied Materials, and the July Fund, alongside returning backers like General Catalyst and NGP.
PhysicsX is pioneering AI-first engineering solutions, focusing on advanced manufacturing for industries like aerospace, automotive, and energy. The company’s innovative platform aims to accelerate industrial innovation by integrating AI into the design and production processes, promising faster and more efficient outcomes.
The fresh capital injection will be used to further develop PhysicsX’s engineering software platform, expanding its capabilities and reach across key sectors. This investment underscores the growing interest in AI-driven technologies that can transform traditional industries.
Temasek’s involvement highlights its continued focus on backing cutting-edge deep tech and AI startups globally. This move aligns with the firm’s strategy to invest in transformative technologies that address critical industrial challenges.
PhysicsX, founded to bridge the gap between AI and physical engineering, is poised to play a pivotal role in the next era of manufacturing. With this funding, the company is edging closer to a potential $1 billion valuation, signaling strong market confidence in its vision.
The collaboration between PhysicsX and its high-profile investors is expected to drive significant advancements in AI-native engineering, setting new benchmarks for innovation in the global tech landscape.
Maria Lourdes
