PhysicsX announced on June 8 that it completed a $300 million Series C funding round led by Singapore investment firm Temasek, placing the company's valuation at about $2.4 billion [1, 2, 3]. Early investors Nvidia and Applied Materials participated again in the round, alongside new investors Intrepid Growth Partners and M&G Catalyst [1, 2, 3].
The company specializes in AI engineering models that predict the behavior of physical objects. These models accelerate design, testing, and production processes for aerospace, automotive, and semiconductor manufacturers [1, 2, 3]. Customers include Applied Materials, Siemens, and Stellantis [1, 3]. PhysicsX currently holds approximately six months of backlog in customer demand [1, 2, 3].
CEO Jacomo Corbo acknowledged the pressure of the backlog, describing the situation as "a little untenable for us" [3]. PhysicsX projects the semiconductor sector will become its largest business segment by the end of the second quarter of 2026 [1, 3]. The company expects revenue in 2026 to approach $50 million and aims to more than double that figure in 2027 [1, 2, 3].
PhysicsX plans to use the new funding to meet strong customer demand and accelerate growth, particularly in its targeted industries. The company’s efforts to expand its semiconductor segment will be closely watched, with the key milestone anticipated by the end of Q2 2026 [1, 3].
