PhysicsX Raises $300M, Valuation Hits $2.4 Billion

London-based engineering simulation innovator PhysicsX has successfully closed a substantial $300 million Series C funding round, propelling its valuation to an impressive $2.4 billion. This significant capital infusion, which was oversubscribed, marks a dramatic increase from its prior valuation of just under $1 billion, more than doubling its worth in a short period.

The funding round saw participation from a robust group of investors. Leading the charge was Singapore's sovereign wealth fund, Temasek, a returning investor that first backed PhysicsX in 2025. New capital also flowed in from prominent firms including M&G Investments and Intrepid Growth Partners. Reinforcing their commitment, existing shareholders such as semiconductor giant Nvidia, Applied Materials, venture capital firms Atomico and General Catalyst, and industrial conglomerate Siemens, all increased their stakes.

PhysicsX is revolutionizing industrial design and development with its AI-native engineering platform. The technology drastically accelerates complex physical simulations, reducing computation times from hours or days to mere seconds. This leap in efficiency empowers engineers to explore a far wider array of design possibilities and gain deeper insights throughout the product lifecycle, from initial concept to operational digital twins. The platform finds critical applications in high-stakes sectors like aerospace, semiconductor fabrication, automotive manufacturing, energy systems, and advanced materials production.

The company's rapid growth is underscored by its expanding team, now exceeding 300 employees, having doubled its headcount in the past year. Financially, PhysicsX has also seen remarkable traction, with revenue doubling year-on-year and booked revenues tripling, reflecting strong market adoption and demand for its advanced simulation capabilities.

Co-founder and CEO Jacomo Corbo articulated the company's mission: "Almost every hard problem in the physical economy — better aircraft, better chips, better engines, better energy systems — depends on how fast and how well engineers can work through the underlying physics. For decades, that has been the critical constraint on hardware innovation. Physics AI removes it." Chairman Robin Tuluie added that the company aims to democratize high-performance simulation, making sophisticated tools accessible beyond a small cadre of specialists to a broader range of industrial technical professionals.

This funding event occurs amidst a dynamic period for industrial AI. The sector is witnessing significant investment and strategic moves, including the recent acquisition of Emmi AI by French AI firm Mistral AI to bolster its industrial AI footprint. Furthermore, the emergence of highly capitalized ventures like Project Prometheus, backed by Jeff Bezos and focusing on physical AI, signals intense competition and a strong market belief in the transformative potential of AI in physical processes. PhysicsX's substantial funding positions it as a key player ready to compete and lead in this rapidly evolving technological frontier.