A company that started with a handful of ex-Formula 1 engineers now sits at a $2.4 billion valuation. PhysicsX, the London-based AI startup focused on industrial simulation, closed a $300 million Series C round on June 8, cementing its position as one of the most valuable private companies working at the intersection of artificial intelligence and physical engineering.
The round was led by Temasek, Singapore’s sovereign wealth fund, with new money from M&G Investments and Intrepid Growth Partners. Existing backers including NVIDIA, Applied Materials, Atomico, General Catalyst, July Fund, NGP, Radius, and Siemens all came back to the table. The round was oversubscribed.
What PhysicsX actually does
PhysicsX builds AI models informed by physics that compress simulation processes that might take hours or days into seconds. The company’s AI-native platform spans aerospace, automotive, semiconductors, energy, and materials science.
Founded in 2019 by engineers and physicists from Formula 1 racing, PhysicsX has deep roots in high-performance numerical modeling.
