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London’s AI startup PhysicsX raises €117.4M in Atomico-led round to reshape engineering and manufacturing
- London-based PhysicsX, a deeptech startup, secures $135M in Series B funding led by Atomico.
- Total funding raised by PhysicsX now stands at nearly $170M.
- The Series B round sees participation from Temasek, Siemens, Applied Materials, and July Fund, among others.
- Siemens believes in the potential of AI and industrial expertise to revolutionize design and manufacturing.
- PhysicsX is praised for enabling engineers to solve complex problems efficiently with AI-powered engineering software.
- PhysicsX is developing AI-native engineering software for industrial applications to optimize the engineering lifecycle.
- The company aims to reduce time, improve performance, and unlock new categories of machines and processes.
- PhysicsX combines AI-driven physics inference with numerical simulation to enhance product development and performance.
- The funding will fuel global growth and adoption of PhysicsX's platform across various sectors.
- The co-founders of PhysicsX bring a blend of experience in high-performance motorsport and advanced AI development.
- Previous funding included a $32M Series A round in November 2023, leading to rapid growth and revenue increase for PhysicsX.
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