PhysicsX secures $300M Series C, valuation hits $2.4B

A London-based artificial intelligence startup, PhysicsX, has raised $300 million in a new funding round, more than doubling its valuation to $2.4 billion in less than a year. The Series C financing, announced on June 8, 2026, was led by Singapore's sovereign wealth fund Temasek and underscores surging investor interest in AI applications for heavy industry.

The company, founded in 2019 by former Formula 1 engineers Jacomo Corbo and Robin Tuluie, develops an AI-native engineering platform. Its technology uses what it calls Large Physics Models to predict how physical objects behave under stress, compressing simulation processes that traditionally took days or months into seconds. This allows engineers in sectors like aerospace, automotive, semiconductors, and energy to evaluate thousands of design variants rapidly.

The funding round was oversubscribed and included new investors MG Investments and Intrepid Growth Partners. Existing backers such as Nvidia, Applied Materials, General Catalyst, and Siemens also increased their stakes. The company has now raised approximately $500 million in total. Its valuation has soared from just under $1 billion during its Series B round roughly...