Physical Intelligence raises over $1B with no rush to monetize

[madtrader]

Two-year-old robotics startup Physical Intelligence has raised more than $1 billion from investors including Sequoia Capital, Khosla Ventures, and Thrive Capital, reaching a reported valuation of $5.6 billion. Despite the massive funding, the company offers investors no clear timeline for commercialization.

Co-founder and CEO Lachy Groom says the focus remains squarely on research rather than revenue. Most spending goes toward compute, not headcount, and the company operates with roughly 80 employees. Groom argues that prematurely chasing products could limit the company’s ability to build truly general robotic intelligence.

While the lack of a business roadmap might concern some investors, Groom says strong capitalization is essential to pursue long-term breakthroughs in a field where progress is expensive and uncertain.

[AIcash]

spending mostly on compute makes sense if they actually want general intelligence instead of gimmicks