Physical Intelligence develops pi, a vision-language-action foundation model intended to control diverse robot bodies and perform dexterous manipulation tasks. The company open-sourced pi-0's weights and has showcased demos such as folding laundry, bagging groceries, and making coffee. Founded in 2024 in San Francisco, the team is deliberately small (about 50–100 people) and includes academics and former industry researchers like Karol Hausman, Sergey Levine, and Chelsea Finn. It has raised roughly $2.1 billion to date but reports no revenue and no fixed commercialization timeline, prioritizing research. The company's thesis is that a single general robot brain can generalize across hardware, and its fundraising has attracted major investors including Jeff Bezos, OpenAI, CapitalG, Founders Fund, and Lightspeed.

Total raised

$2.7B

Funding rounds

4

Latest round

Equity

Latest activity

Aug 2026