Manufacturing AI Startup PhysicsX Raises $300 Million at $2.4 Billion Valuation
PhysicsX, a London-based startup that uses artificial intelligence to design industrial parts such as jet engines and semiconductors, raised a $300 million Series C round led by Temasek at a $2.4 billion valuation.
The UK company builds AI models that predict how physical objects behave, helping aerospace, auto and semiconductor companies speed design, testing and manufacturing. PhysicsX expects revenue near $50 million this year, and semiconductors are set to become its largest segment by the end of the second quarter.
From the sources (4 posts)
@businessStartup PhysicsX Hits $2.4 Billion Valuation to Provide AI for Manufacturing
@katie_roofRT @business: Startup PhysicsX Hits $2.4 Billion Valuation to Provide AI for Manufacturing
@techmemeLondon-based PhysicsX, which uses AI to design industrial parts like jet engines and semiconductors, raised a $300M Series C led by Temasek at a $2.4B valuation (@mhbergen / Bloomberg) (Visit Techmeme dot com for the link and full context!
@wallstenginePhysicsX raised $300M at a ~$2.4B valuation, per Bloomberg. The UK startup builds AI models that predict how physical objects behave, helping aerospace, auto, and semiconductor companies speed up design, testing, and manufacturing. Temase