UK-based PhysicsX raises €29.2M to reinvent AI and simulation engineering technologies

London-based PhysicsX, a deep-tech startup building artificial intelligence(s) to power engineering, has secured $32M (approximately €29.2M) in a Series A round of funding. 

The investment was led by General Catalyst. The round also saw participation from Standard Investment, NGP, Radius Capital, and KKR co-founder and co-executive chairman, Henry Kravis.

With this investment round, Jim Baum, an experienced entrepreneur with a track record at companies like Netezza, Endeca, and PTC, has joined PhysicsX’s Board.

Jeremy Palmer, former Chairman and CEO of QuantumBlack and a Senior Partner at McKinsey, will serve as Chairman, bringing valuable leadership to the team.

Brief about PhysicsX

Recently emerging from stealth mode, PhysicsX is addressing critical engineering bottlenecks to expedite the energy transition. These include challenges like time-consuming physics simulations, reconciling virtual and real-world data, and optimising large design spaces. 

By leveraging AI engineering solutions, PhysicsX aims to overcome these obstacles, paving the way for industries to efficiently develop and manufacture advanced designs and materials for a more sustainable future.

Founder Robin Tuluie says, “Engineering design processes were transformed by numerical simulation and the availability of high-performance compute infrastructure. The move from numerical simulation to deep learning represents a similar leap and will unlock new levels of product performance and ways of practicing engineering itself.”

“PhysicsX exists to help pioneer and enable that transformation, giving engineers and manufacturers superpowers in bringing new technologies to the real world.”

Founded by Tuluie and Jacomo Corbo, PhysicsX boasts a dedicated team of over 50 experts spanning simulation engineering, machine learning, software engineering, and data science.

The startup uses generative AI to facilitate groundbreaking engineering solutions across various advanced industries such as automotive, aerospace, renewables, and materials production.

Capital utilisation

PhysicsX plans to expedite its growth in customer delivery, product development, and fundamental research. 

The startup’s focus is on becoming a more effective engineering partner, expanding the product engineering arm, and advancing AI models and methods through an expanded research arm.

Co-founder Corbo says, “Our customers are designing the most important technologies of our time, including wind turbines, aircraft engines, electric vehicles, semiconductors, metals, and biofuels.”

“They are exceeding the limits of today’s Computer Aided Engineering tooling – which is the basis for our own collaboration with them and is the starting point for the problems we set our technology against.”

“We’re delighted that this financing will enable us to partner more deeply with our customers to enable breakthrough engineering.”