We have advised Siemens, on its investment into PhysicsX, a London-headquartered physical AI start-up.
PhysicsX is a physical AI company founded by two former formula one engineers that aims to accelerate innovation and overhaul what engineering and manufacturing look like today. The company is building a new software stack to deliver deep AI enablement across the entire engineering lifecycle.
The series B financing valued the Company at close to $1 billion and was led by Atomico. Co-investors included Applied Materials, Temasek and General Catalyst. The financing supports the company’s global growth and the industrial adoption of its enterprise software platform across aerospace and defence, automotive, semiconductors, materials, and energy.
Our deal team consisted of Ross McNaughton (Partner) and Oli Denne (Senior Associate) from our market leading emerging companies and M&A practice.