PhysicsX Funding News-British AI Startup PhysicsX Secures €117.3M In Series B Round

The funding will help the company expand globally and accelerate the adoption of its enterprise software across industries such as aerospace & defense, automotive, semiconductors, materials, and energy.

The round was led by Atomico, with participation from Temasek, Siemens, Applied Materials, and July Fund. Existing investors—including General Catalyst, NGP, Radius Capital, Standard Investments, and Allen & Co.—also joined the round.

“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.”

PhysicsX was co-founded in 2023 by Robin Tuluie, former Head of R&D at Renault (Alpine) F1 and Mercedes F1, and Jacomo Corbo, co-founder of QuantumBlack (AI by McKinsey) and former Chief Race Strategist at Renault (Alpine) F1. The company is developing a new software stack to integrate deep AI into every stage of the engineering lifecycle.

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Their goal is to help advanced manufacturing companies tackle their most difficult challenges faster and more efficiently. PhysicsX works with top players in industries like aerospace & defense, automotive, semiconductors, materials, and energy, supporting them on high-stakes, complex problems.

“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 is more critical than ever. These industries are the backbone of our economies, play a key role in the shift to sustainability, and are central to addressing modern sovereignty issues. Yet, PhysicsX points out that many face serious challenges—limited resources, skills shortages, and difficulty adapting to rapid technological change.

PhysicsX is stepping in to close this gap. The company believes that AI-native engineering software can tackle some of the biggest obstacles in hardware innovation. Their tools aim to shorten development timelines, improve performance, cut waste, and open the door to entirely new types 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 raising its Series A in November 2023, PhysicsX has experienced rapid growth—expanding to a team of over 150 and more than quadrupling its revenue in just two years. With the new €117.3 million Series B round, the company’s total funding now stands at nearly €147.7 million. This fresh capital will help drive global expansion and accelerate the development of larger, more advanced 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.

About PhysicsX

PhysicsX is a deeptech company born from the worlds of numerical physics and Formula One, focused on speeding up hardware innovation to match the pace of software.

We’re developing an AI-powered simulation software stack for engineering and manufacturing in advanced industries. By enabling high-accuracy, multi-physics simulations through AI across the entire engineering process, PhysicsX helps optimize and automate design, production, and operations. This empowers engineers to innovate faster and more efficiently. Our clients include top-tier companies across aerospace & defense, materials, energy, semiconductors, and automotive sectors.