Forward Deployed Software Engineer

PhysicsX secures backing from British Business Bank as part of Series C funding round. The British Business Bank has invested $25m into PhysicsX, the physics AI company for industrials, as part of its Series C financing. The investment includes the fourth investment made by British Growth Partnership Fund I since its £200m first close. The round, led by Temasek, includes an investment from M&G Investments, demonstrating how the British Growth Partnership's co-investment model can bring additional pension fund capital into UK venture. Pension funds can increase exposure to fast-growing UK companies while businesses can tap into large pools of domestic institutional capital. Founded and headquartered in the UK, PhysicsX is building the new simulation software stack for industrial engineering. Its AI-native platform enables organisations across aerospace & defence, semiconductors, data centres & energy production, automotive, and materials to design, manufacture, and operate next-generation hardware faster and more efficiently. In doing so, it strengthens the productivity and competitiveness of advanced industrial sectors that underpin the UK and global economy. At the core of the platform are PhysicsX's Large Physics Models - physics foundation models that predict the physical behaviour of complex systems in near-real time rather than the days or weeks often required by conventional numerical simulation. By embedding AI inference into traditional engineering workflows, the technology empowers industrials to accelerate development cycles, reduce costs, and unlock breakthrough asset performance, supporting the UK's ambitions to remain a global leader in advanced engineering and manufacturing. The financing comes amid rapid growth. PhysicsX has doubled year-over-year recognised revenue, tripled booked revenue, while more than doubling its customer count over the past year. The team has grown to more than 300 people, doubling in size in the last twelve months. This round will accelerate the company's global growth, the expansion of its platform capabilities, and frontier research, including the development of larger, more powerful pre-trained physics AI models. Charlotte Lawrence, managing director and head of direct equity at the British Business Bank, said, "PhysicsX is redefining how complex products are designed and built. Their platform combines world-class engineering heritage with frontier AI capability to create a company that we believe can be a global leader. As their technology is adopted by the world's top industrial companies, we are thrilled to back their continued expansion whilst also allowing UK pension owners to share in the success of a true global innovator." Ian Connatty, managing partner of the British Growth Partnership and deputy CIO of the British Business Bank, said, "The British Growth Partnership was created to connect pension funds with the UK's fastest growing companies. This transaction shows that model in action, and that we have built a platform for domestic pension fund capital to flow into the UK's technology leaders." Jacomo Corbo, co-founder & CEO of PhysicsX, said, "The opportunity to transform how humanity designs, builds, and operates the world's most critical infrastructure is one of the defining technological opportunities of our time. PhysicsX exists to realise that opportunity. We are building frontier physics AI technology in Britain, scaling it globally, and helping the world's leading industrial companies innovate faster and unlock a new era of productivity. As the UK seeks to strengthen its position in advanced manufacturing and industrial AI, we're proud to be contributing to that ambition from our headquarters in London, with the British Business Bank as an investor and partner in that journey." Niranjan Sirdeshpande, head of Catalyst at M&G Investments, said, "PhysicsX is an excellent example of the type of high-growth, technology-led business that institutional investors want to back. M&G has supported the company's growth both through Catalyst's direct investment and through our backing of British Growth Partnership, helping to channel long-term pension fund capital into innovative UK businesses with significant global potential. This investment demonstrates how government and industry can work together to improve access to growth capital for UK businesses, supporting innovation, skilled jobs and economic growth, while delivering attractive long-term returns for savers." In addition to PhysicsX, British Growth Partnership Fund I has invested in Wayve, Elliptic, and Draig Therapeutics.

PhysicsX secures $300 million to transform engineering with AI. Valuation surpasses $2.4 billion. By Newsroom Last updated Jun 10, 2026 UK-based startup PhysicsX, which leverages artificial intelligence to accelerate engineering design and simulation processes, has secured $300 million in new funding, bringing its valuation to $2.4 billion. The new valuation is more than double the company's valuation from roughly a year ago, when it raised $170 million in a Series B round at a valuation of nearly $1 billion. Since its founding, PhysicsX has raised approximately $500 million in total funding. The latest funding round was led by Singapore's state-owned investment firm Temasek, which was already an investor in the company. Existing investors Applied Materials, Nvidia, Atomico, General Catalyst, and Siemens also participated in the round, while new capital came from M&G and Intrepid Growth Partners. Founded by two former Formula 1 engineers, PhysicsX focuses on applying artificial intelligence to improve product design processes in the manufacturing and defense industries. The company develops technologies aimed at dramatically accelerating complex design and simulation workflows, reducing tasks that traditionally took months to complete to processes that can now be performed in seconds. According to the company, the engineering and advanced manufacturing sectors face significant challenges due to limited resources and shortages of specialized talent, while also having to cope with increasing technological complexity and faster rates of change. PhysicsX, which employs approximately 350 people, believes that engineering software built from the ground up for the AI era can address some of the most critical challenges related to hardware innovation. The new funding will be used to further develop the company's platform, strengthen its AI research efforts, and support the international expansion of its operations. Among PhysicsX's immediate plans are expanding its presence in the United States and opening a new office in Singapore.

PhysicsX raises $300M Series C at $2.4B valuation to scale AI for engineering and manufacturing. PhysicsX, a London-based AI engineering startup, has raised $300M at a $2.4B valuation to scale its physics simulation platform across industries like aerospace, semiconductors, and automotive. · Jun 8, 2026 London-based PhysicsX has closed an oversubscribed $300 million Series C round at a $2.4 billion valuation - more than double its valuation from just 12 months ago, when it raised a $170M Series B at roughly $1 billion. The round was led by Temasek, the Singaporean sovereign wealth fund, with participation from new investors M&G Investments and Intrepid Growth Partners, alongside returning backers including NVIDIA, Siemens, General Catalyst, Atomico, and Applied Materials. Founded by two former Formula 1 engineers, PhysicsX builds AI-native engineering software that compresses physics simulations from days or weeks down to seconds. The platform is already deployed across aerospace & defense, semiconductors, automotive, energy, and industrial manufacturing - sectors where design and simulation bottlenecks have long constrained innovation. The company has seen sharp growth over the past year, doubling recognized revenue, tripling booked revenue, and more than doubling its customer count. It now employs around 350 people. Funds will go toward expanding its platform, deepening AI research - including the development of so-called Large Physics Models - and growing its footprint in the US and Singapore.