Singapore state investor Temasek has anchored a $300 million Series C financing round for UK-headquartered artificial intelligence startup PhysicsX, as announced recently.This funding round values the company at about $2.4 billion and includes participation from M&G Investments, Intrepid Growth Partners, and existing investors such as Applied Materials, General Catalyst, Siemens, and Atomico.Temasek’s involvement dates back to its initial investment in PhysicsX in 2025, and it has played a crucial role in the startup’s international growth.The fresh capital will enable PhysicsX to further develop and deploy its AI-native engineering platform, which aims to enhance hardware innovation and improve productivity in industrial sectors. The company claims its AI models can predict physical behavior in seconds, significantly speeding up design testing for engineers.PhysicsX co-founder and CEO Jacomo Corbo emphasized that the platform empowers engineers to explore thousands of designs rapidly, addressing challenges in industries such as aerospace, semiconductors, and energy systems.The startup has reported substantial growth, doubling its recognized revenue year-over-year, tripling booked revenue, and more than doubling its customer base within the past year. Its workforce has also expanded to over 300 employees, reflecting its rapid scaling.The new funding will not only support global expansion but also enhance the platform’s capabilities and fund research into larger pre-trained physics AI models, referred to as Large Physics Models.With offices in London and New York, PhysicsX is also looking to strengthen its presence in the San Francisco Bay Area and Singapore, where Temasek’s backing could be pivotal for its Asian operations.
