Goodwin advises P-1 AI on its $50 million Series A financing. Professionals The Technology team advised P-1 AI on the initial closing of its Series A financing round led by New Enterprise Associates (NEA). The Series A, on the heels of the company's $23 million Seed round led by Radical Ventures in 2025, reflects strong product execution and commercial traction. The $50 million financing round will accelerate P-1 AI's deployment of Archie, an agentic AI engineer. P-1 AI is building an AI engineer for the physical world. The company's aim is to put an AI engineer on every engineering team at every industrial company on earth. P-1 AI's Archie is built for hardware engineering disciplines including mechanical, electrical, thermal, fluids, and systems design, across data center, automotive, and aerospace and defense industrial customers.

P-1 AI has closed a $50 million Series A funding round led by New Enterprise Associates (NEA). The San Mateo-based startup builds Archie, an AI engineer designed for hardware engineering disciplines including mechanical, electrical, thermal, fluids, and systems design. The round follows P-1 AI's $23 million seed round led by Radical Ventures in 2025. The capital will expand the company's product and deployment teams and increase compute capacity for training custom models. Former General Electric chairman and CEO Jeff Immelt joins the board of directors, whilst NEA partner Lila Tretikov, previously Microsoft's deputy CTO, becomes a board observer. P-1 AI has established design partnerships with industrial firms in data centre cooling and critical power systems. The company is also launching Archie Solo, a lightweight version for individual users.