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Airbnb, Deliveroo And Stripe Investor Backs This London Genai Startup In A $32M Funding Round

Airbnb, Deliveroo And Stripe Investor Backs This London Genai Startup In A $32M Funding Round

11/29/23, 11:06 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/GB.svglondon
Money raised
$32 million
Investors
Caps Reset, Escape, Kkr Co Founder And Co Executive Chairman, Henry Kravis, Radius Capital, Ngp, Standard Investments, General Catalyst
Now, London-based PhysicsX, a startup bringing the power of generative AI to enable engineering in advanced industries including automotive, aerospace, renewables, and materials production, raised $32M in a Series A round led by General Catalyst (known for investments in Airbnb, Deliveroo, Stripe and more). Standard Investments, NGP, Radius Capital, and KKR co-founder and co-executive chairman, Henry Kravis, also participated in the round.

Company Info

Company
PhysicsX
Location
london, england, united kingdom
Additional Info
PhysicsX is a deep-tech company of scientists and engineers, developing machine learning applications to massively accelerate physics simulations and enable a new frontier of optimization opportunities in physical design and engineering. Born out of numerical physics and battle-hardened in Formula One, we help our customers radically improve their concepts and designs, transform their engineering processes and drive operational product performance. We do this in some of the most advanced and important industries of our time – including Space, Aerospace, Medical Devices, Additive Manufacturing, Electric Vehicles, Motorsport, and Renewables. We work at the edge of advanced CAE, physics simulation and machine learning, to solve our customers’ most difficult design and control problems. Our work creates positive impact for society, be it by improving the design of artificial hearts, reducing CO2 emissions from aircraft and road vehicles, or increasing the performance of renewable turbines. We are a rapidly growing company, profitable, sustainable and prefer to fly under the radar. We have trust-based relationships with our collaboration partners and customers and take great pride in guarding their confidentiality. At heart, we are engineers and as such are committed to the creed of continuous improvement: We aim for breakthrough innovations in established industries, have the gumption and pragmatism to see that ambition through to real-world implementations and believe strongly that there is always a better way.

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