British AI startup PhysicsX raises €117.3 million for a new era of AI-native engineering and manufacturing

PhysicsX, a London-headquartered company accelerating industrial innovation with AI, has raised €117.3 million as part of its Series B financing to fuel their global growth and the industrial adoption of its enterprise software platform across aerospace & defense, automotive, semiconductors, materials, and energy.

The round was led by Atomico, with participation from Temasek, Siemens, Applied Materials, and July Fund, as well as continued support from existing investors including General Catalyst, NGP, Radius Capital, Standard Investments, and Allen & Co.

“This round reflects the importance and the needs of the industries that we’re building into,” said Jacomo Corbo, CEO & Co-founder of PhysicsX. “The tectonic plates of the whole global economy are being reshaped by industrial manufacturing. Geopolitical currents and the questions of sovereignty and supply chain resilience are most strongly felt here. At the same time, innovation within these fields has never been more urgent. We’re building into that unmet need and bringing new software and AI capabilities to fundamentally overhaul what engineering looks like today and transform how hardware innovation is executed.”

Co-founded in 2023 by Robin Tuluie, formerly Head of R&D at Renault (Alpine) F1 and Mercedes F1 and Vehicle Technology Director at Bentley Motors, and Jacomo Corbo, formerly Chief Scientist and Co-founder of QuantumBlack (AI by McKinsey) and Chief Race Strategist at Renault (Alpine) F1, PhysicsX is building a new engineering software stack to bring deep AI enablement to the whole engineering lifecycle.

Its mission is to equip advanced manufacturing organisations in critical industries with the tools to solve their hardest challenges at a radically accelerated pace.

PhysicsX partners with leading organisations in aerospace & defense, automotive, semiconductors, materials, and energy, reportedly supporting them on some of their most critical and complex challenges.

“PhysicsX is unlocking a new engineering paradigm. They’re not just shortening design cycles, lowering costs, and accelerating innovation: they’re empowering engineers to solve problems that were previously beyond human intuition. By fusing frontier AI research with deep industrial expertise, the team is building transformative tools for the sectors that underpin the global economy. We’re proud to lead this investment and support PhysicsX in shaping the future of software-defined engineering,” said Laura Connell, Partner at Atomico.

Innovation in advanced manufacturing has never been more urgent or more consequential. These industries underpin our economies, are central to the sustainability transition, and sit at the heart of today’s sovereignty challenges. However, PhysicsX believes they are also held back by resource and skills bottlenecks and struggle to keep pace with the increasing complexity and speed of change.

PhysicsX is building into this gap with the belief that AI-native engineering software can solve many of the most fundamental challenges inherent to hardware innovation, such as compressing timelines, enhancing performance, reducing waste, and unlocking new categories of machines and processes.

“PhysicsX is a developer-first AI platform that redefines what’s possible for engineers. Since our investment nearly two years ago, PhysicsX has significantly scaled their team and solutions to help the world’s advanced industries better design, build and operate their most critical and complex systems,” said Paul Kwan, Managing Director at General Catalyst.

Since its Series A in November 2023, PhysicsX has scaled rapidly, growing to a team of over 150 and more than quadrupling revenue over the last two years. The new €117.3 million investment brings total funding to nearly €147.7 million and will enable PhysicsX to aggressively pursue global expansion and fast-track the development of larger, more powerful physics foundation models.

“The convergence of industrial expertise and AI capabilities is unleashing extraordinary potential to revolutionise how we design, simulate, and manufacture. Our strategic investment in PhysicsX builds on our successful collaboration in developing AI-based deep physics simulations and underscores our conviction in their ability to accelerate industrial innovation,” said Peter Koerte, Member of the Managing Board, Chief Technology Officer, and Chief Strategy Officer at Siemens.

“PhysicsX, with its strong European roots, can drive global transformation in industrial AI while building on Europe’s industrial strength and world-class AI talent pool to create solutions that will define the future of manufacturing, particularly in mission-critical applications where performance and reliability are paramount. This aligns perfectly with Siemens’ vision of trustworthy, industrial-grade AI that delivers real-world impact,” he added.

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