Physical Intelligence is a robotics AI startup building general-purpose "foundation models" for robots - vision-language-action models designed to work across different robot hardware rather than being built for one specific machine. It was founded in 2024 by Karol Hausman, Sergey Levine, Chelsea Finn, and Brian Ichter, a team drawn from Google DeepMind, Google Research, and Stanford and Berkeley academia.
The company's last confirmed closed round was $600 million at a $5.6 billion valuation in 2025. As of March 2026, reporting indicated the company was in talks to raise roughly $1 billion at a valuation above $11 billion, though that round had not been confirmed as closed as of this writing - a distinction worth noting given how quickly reported-but-unclosed AI funding figures can shift.