PhysicsX, a pioneering deep-tech firm in London focusing on AI-driven engineering solutions, has successfully raised $32 million (about €29.2 million) in a Series A funding round.
General Catalyst led this investment, with contributions from Standard Investment, NGP, Radius Capital, and Henry Kravis, KKR’s co-founder and co-executive chairman. This funding round welcomes Jim Baum, a seasoned entrepreneur from Netezza, Endeca, and PTC, onto PhysicsX’s Board. Additionally, Jeremy Palmer, previously of QuantumBlack and McKinsey, will assume the role of Chairman, adding his extensive leadership experience to the team.
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About PhysicsX
Recently stepping out of stealth mode, PhysicsX is tackling key engineering challenges to accelerate the shift towards sustainable energy. This includes addressing issues such as lengthy physics simulations, merging virtual and real data, and streamlining large-scale design processes. Utilizing AI in engineering, the startup is striving to resolve these challenges, thereby enabling more efficient development and production of innovative designs and materials for a sustainable future.
As described by founder Robin Tuluie, this evolution in engineering, from numerical simulation to deep learning, is a significant shift, enhancing product performance and engineering practices. Co-founded by Tuluie and Jacomo Corbo, the company’s team of over 50 professionals, specializing in areas like simulation engineering and machine learning, leverages generative AI to create pioneering engineering solutions for sectors including automotive, aerospace, renewable energy, and materials production.
Funding Usage
PhysicsX is set to accelerate its expansion in customer service, product innovation, and core research. The company aims to enhance its capabilities as an engineering collaborator, grow its product engineering division, and further develop AI Technologies and methodologies.
Co-founder Corbo notes the significance of their customers’ work in creating today’s essential technologies, such as wind turbines and electric vehicles, which push the boundaries of current Computer Aided Engineering tools. This new funding will allow PhysicsX to forge stronger partnerships with their clients and drive pioneering advancements in engineering.
