PhysicsX, the London-based industrial AI startup, has secured $135 million in Series B funding to accelerate its mission of reinventing engineering through AI-native software. The round, led by Atomico with backing from Temasek, Siemens, Applied Materials and July Fund, brings total funding to nearly $170 million and values the company just under $1 billion.
Founded in 2023 by Robin Tuluie—formerly Head of R&D at Renault (Alpine) F1, Mercedes F1 and Bentley Motors—and Jacomo Corbo, co-founder of QuantumBlack and ex-Chief Race Strategist at Renault (Alpine) F1, PhysicsX is developing a software stack that embeds deep AI intelligence across the engineering lifecycle. Its platform combines multiphysics inference and numerical simulation to accelerate development, reduce risk and optimise design in aerospace, automotive, energy, semiconductors and defence.
The fresh capital will support PhysicsX’s global expansion and the development of larger physics foundation models to meet the growing complexity of modern hardware. Since its Series A funding in late 2023, the company has quadrupled its revenue and grown to over 150 employees. Its technology is already being deployed by major industrial players to tackle high-stakes engineering challenges.
CEO Jacomo Corbo said the investment comes at a pivotal moment for industrial manufacturing, with supply chain resilience, economic security and climate goals driving urgent demand for innovation. He stressed the need for tools that allow engineers to address problems beyond human intuition, describing PhysicsX as a response to mounting complexity and chronic skills shortages.
PhysicsX’s European roots are significant amid mounting pressure on tech firms to relocate. The company remains committed to supporting Europe’s industrial base, a stance echoed by Siemens CTO Peter Koerte, who highlighted the strategic value of industrial-grade AI developed in Europe for mission-critical applications. Investors are bullish on the company’s prospects. Laura Connell, Partner at Atomico, said PhysicsX is unlocking new hardware innovation possibilities by combining deep AI research with practical industrial expertise. Paul Kwan of General Catalyst called it a “developer-first” platform with rapid scaling potential in critical systems design and operations.
The funding comes amid rising global defence spending and geopolitical tension, amplifying the need for agile, high-performance engineering solutions. Clients such as Rio Tinto and Leonardo Aerospace reflect growing industry confidence in PhysicsX’s AI platform.
As PhysicsX scales, it represents a broader opportunity for the UK and Europe to lead in responsible, industrial AI. By empowering engineers to solve previously intractable problems, the company is helping shape a more competitive and resilient industrial future—one driven by AI innovation with real-world impact. Ask ChatGPT
Created by Amplify: AI-augmented, human-curated content.
