San Francisco-based AI startup Physical Intelligence has announced that it has achieved unicorn status, surpassing a $1 billion valuation following a funding round that raised $400 million, bringing its total valuation to $2.4 billion.
Investors in this round include notable names such as Jeff Bezos, OpenAI, and Thrive Capital. This valuation marks a significant increase from earlier this year when the company was valued at $400 million.
Physical Intelligence recently unveiled its first general robot model, π₀ (pi-zero), capable of performing tasks such as clearing tables and folding laundry. The company aims to integrate general-purpose AI into robotics, with the development of π₀ taking only eight months.
In a blog post, Physical Intelligence stated, "Our mission is to develop foundation models that can control any robot to perform any task." Initial demonstrations of the π₀ robot show its ability to handle delicate items and differentiate between various tasks effectively.
Other robotics startups in the sector include Figure AI, valued at $2.6 billion, which is also backed by Jeff Bezos and OpenAI.