Physical Intelligence in talks to raise at $20B valuation with no revenue yet

nmasc_ · x · 2026-10-29

Scoop from Fortune: Physical Intelligence (Pi) is in discussions to raise a new round at a $20B valuation, led by existing investors Lux and Avenir. The young company doesn't yet generate revenue. Physical AI remains red-hot.

Related event: Physical Intelligence in talks to raise over $1B at $20B valuation(5 posts)→

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