Context: Avenir and Lux Capital would lead the round, at about $20B, up from $11.5B earlier in 2026.
From Bloomberg: Sources: AI robotics startup Physical Intelligence is in talks to raise $1B+ led by Avenir and Lux Capital at a ~$20B valuation, up from $11.5B earlier in 2026 — Physical Intelligence, a startup developing artificial intelligence software to power robots for real-world tasks …
Physical Intelligence · $1B+ · with Avenir, Lux CapitalAs stated by Bloomberg.
Tutor Intelligence CEO Josh Gruenstein tells a16z's Martin Casado and Raghu Raghuram that robotics for factories and warehouses is a systems problem spanning AI, hardware, manufacturing and the work itself.
a16z led the $75M Series B, per Tutor's own site and a16z, with Union Square Ventures and Neo; SiliconANGLE's report calls it a Series A. Tutor's warehouse and factory robots are sold on usage-based pricing.
Led by manufacturing startup Re:Build's $2.1 billion and Kalshi's $1 billion.
a16z is expanding a16z crypto into a16z Frontier, a broader mandate to back founders building at the edges of what's possible. Chris Dixon joins Marc Andreessen, Ben Horowitz, and Erik Torenberg to explain why founders should increasingly ask not “is this too ambitious?” but “is this ambitious…
Path automates industrial welding; Georgian led, joined by a consortium including Yamaha Motor's venture arm.
Mercor supplies human experts to train and evaluate AI models, drawing on a network of more than 5 million domain experts.
