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

Nov 29, 2023•over 1 year ago

Amount Raised

$32 Million

LondonSoftware

Investors

Caps ResetEscapeKkr Co Founder And Co Executive Chairman, Henry KravisRadius CapitalNgpStandard InvestmentsGeneral Catalyst

Description

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 Information

Company

PhysicsX

Location

London, England, United Kingdom

About

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.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends