PhysicsX Raises $32 Million in Series A
PhysicsX, a London, UK-based startup specializing in generative AI for engineering applications in industries like automotive, aerospace, renewables, and materials production, raised $32 million in Series A funding.
The round was led by General Catalyst, with participation from Standard Industries, NGP Energy, Radius Capital, and KKR co-founder and co-executive chairman, Henry Kravis.
Founded in 2000, General Catalyst is a venture capital firm based in San Francisco, California. The firm prefers to make investments in seed-stage, early-stage, later-stage, and growth-stage companies operating in consumer, enterprise, fintech, crypto, health assurance, software, transportation, big data, and technology sectors.
As part of the round, entrepreneur Jim Baum, General Catalyst XIR (Executive in Residence), has joined PhysicsX’s Board.
The company will use the funds to accelerate the company's growth, enhance its platform engineering, and advance its AI models and methods.
PhysicsX aims to accelerate accurate physics simulation and enable generative engineering solutions using AI technology.
Founded by Robin Tuluie and Jacomo Corbo, PhysicsX is a deeptech company developing machine learning applications to massively accelerate physics simulations and enable a new frontier of optimization opportunities in physical design and engineering. PhysicX offers a platform for creating and running simulations for engineers working on projects in industries like automotive, aerospace, and materials science manufacturing. The company is on a mission to reimagine simulation for science and engineering using AI.
Funding Details
Company: PhysicsX Ltd.
Raised: $32.0M
Round: Series A
Funding Month: November 2023
Lead Investors: General Catalyst
Additional Investors: Standard Industries, NGP Energy, Radius Capital and Henry Kravis
Company Website: https://www.physicsx.ai/
Software Category: AI-driven Engineering Simulations