London-based PhysicsX has raised a $135M Series B led by Atomico. Its AI platform compresses industrial engineering simulations from weeks to minutes.

London's PhysicsX raised $300M from Temasek at a $2.4bn valuation, doubling in a year. The F1-founded startup cuts engineering simulation from days to seconds.

PhyicsX, a UK AI company has reached a valuation of more than $2bn amid the closure of an over-subscribed funding round of $300m.