London’s PhysicsX nears unicorn status with backing from NVIDIA’s VC Arm and €133 million Series B extension

London-based PhysicsX, a physical AI company, is nearing unicorn status following a Series B funding extension led by NVIDIA's venture capital arm, NVentures. This strategic investment, bringing the total Series B funding to over €133 million ($155 million), signifies growing investor confidence in AI-driven engineering and manufacturing solutions. The company is developing a new software stack for AI-native engineering and aims to transform how physical systems are designed, tested, manufactured, and operated. The Series B round, initially led by Atomico in June 2025, now includes NVentures and values PhysicsX at nearly €863 million ($1 billion). Additional investors include Temasek, Siemens, and Applied Materials. PhysicsX's platform enables advanced manufacturing organizations to overcome limitations of traditional simulation. The company is headquartered in the UK, with offices in London and New York, and its platform will be available on the NVIDIA-powered Industrial AI Cloud for Europe. This significant funding boost positions PhysicsX as a leading European player in the physical AI sector. Its focus is on empowering enterprises in industries like aerospace, automotive, and energy to accelerate development cycles and optimize for performance. The company's mission is to overhaul engineering and manufacturing, providing the technological foundation for the software-defined development paradigm. This funding round highlights the increasing investment activity in AI-driven engineering across Europe. Several other European startups, such as mimic, Cyberwave, and Encube, also secured funding in 2025, albeit at a smaller scale.