PhysicsX, a London, UK-based startup using AI to power engineering in advanced industries including automotive, aerospace, renewables and materials production, raised $32M in funding.
The round was led by General Catalyst. Standard Industries, NGP, Radius Capital, and KKR co-founder and co-executive chairman, Henry Kravis, also participated. As part of the round, entrepreneur Jim Baum, General Catalyst XIR (Executive in Residence), has joined the company’s Board, bringing over 25 years of experience growing and managing cutting-edge technology businesses including at Netezza, Endeca, and PTC. Jeremy Palmer, former Chairman and CEO of QuantumBlack and a former Senior Partner at McKinsey, will also join as Chairman.
The company intends to use the funds to accelerate its growth across customer delivery, product, and fundamental research, build out its product engineering arm, and expand its research arm to advance its AI models and methods.
Founded by Robin Tuluie and Jacomo Corbo, PhysicsX is a tech company of scientists and engineers, developing AIs to enable engineering. The technology is accelerating physics simulation and engineering optimization, to solve its customers’ difficult engineering challenges across design, manufacturing, and operational control.
FinSMEs
27/11/2023