Skylark Labs, a California-headquartered physical AI startup, is in discussions to raise between $100 million and $150 million in its latest funding round, according to livemint.com. The round could value the company at more than $1 billion, potentially making Skylark Labs one of the newest unicorns. About 70% of the planned fundraise has already been committed, founder and CEO Amarjot Singh said.
The talks for this funding round have progressed with significant investor interest, as Singh confirmed that a majority of the capital targeted has been secured. The company is aiming to close the round soon, which would provide it with the resources to accelerate growth and expand its physical AI offerings. Singh's comments to livemint.com highlight the strong backing Skylark Labs has attracted in this round.
This potential funding round and unicorn valuation come amid growing investor focus on AI startups that blend physical and digital technologies. Skylark Labs’ raise would place it alongside other high-profile AI companies that have recently secured large investments. The physical AI sector is gaining traction as applications expand across industries, making such capital raises critical for startups to scale and compete.
If the round closes as planned, Skylark Labs will join the list of AI startups valued above $1 billion, marking a milestone for the company. The exact closing date has not been disclosed, but the company’s progress toward finalizing the funding round was reported on July 21, 2026, by livemint.com.