PhysicsX Raises $300M Series C Led by Temasek at $2.4B Valuation

According to Bloomberg, AI engineering software startup PhysicsX raised $300 million in a Series C round led by Singapore state investor Temasek today, valuing the London-based company at approximately $2.4 billion. Intrepid Growth Partners and M&G Catalyst joined as new investors, alongside existing backers Nvidia and Applied Materials.

PhysicsX's platform combines AI-driven physics inference with numerical simulation to help manufacturers accelerate design, testing, production, and operations. CEO Jacomo Corbo stated revenue would reach close to $50 million this year, with the company maintaining a roughly six-month customer demand backlog.