PhysicsX reels in $300M to speed up hardware design with AI
PhysicsX Ltd, a startup using artificial intelligence to speed up hardware design projects, today announced that it has raised $300 million in funding.
Returning investor Temasek led the Series C round. It was joined by Nvidia Corp., chipmaking equipment supplier Applied Materials Inc., Siemens AG and others. The investment values PhysicsX at $2.4 billion.
Engineers design hardware products such as chips and car parts through an iterative process. They create an initial design, test it in a simulation and use the information gleaned during the evaluation to refine the blueprint. They then repeat the workflow many times until arriving at an optimal version of the design.
Turning an initial set of blueprints into a market-ready product can take years. London-based PhysicsX offers a platform that uses AI to speed up the process. According to the company, its software can perform tasks that usually take hours or days in a few seconds.
