London-based AI startup PhysicsX raised $300 million in a funding round led by Singapore's sovereign wealth fund Temasek, boosting its valuation to $2.4 billion. The company more than doubled its valuation in less than a year, marking a significant milestone since its founding in 2019 by former Formula 1 engineers Jacomo Corbo and Robin Tuluie, according to sifted.eu.
PhysicsX develops AI tools that assist manufacturers in designing and optimizing products such as engine components, drones, and industrial equipment. The funding round reflects growing demand from industries supporting the global AI boom, especially in infrastructure for data centers. CEO Jacomo Corbo told the Financial Times that the company is currently constrained by supply-side limitations, highlighting the challenges in scaling production amid rising demand, as reported by sifted.eu.
The new valuation places PhysicsX among the UK’s most valuable AI startups, trailing only companies like ElevenLabs and Ineffable Intelligence. The startup recently ranked second in the inaugural Sifted AI 100, a list of Europe's most promising AI startups. Its technology is increasingly used to enhance the design and performance of critical hardware across industrial supply chains, underscoring its growing influence in the sector, per sifted.eu.
PhysicsX’s $300 million funding round led by Temasek was announced on June 8, 2026, solidifying its position in the AI startup landscape and enabling further expansion of its AI-driven manufacturing solutions, according to sifted.eu.