PhysicsX emerges from stealth with $32M for AI to power engineering simulations

London-based AI startup PhysicsX is coming out of stealth mode with a focus on building and operating physical systems in the enterprise world. The company has developed an AI platform that creates and runs simulations for engineers working in industries such as automotive, aerospace, and materials science manufacturing. PhysicsX has raised $32 million in a Series A funding round led by General Catalyst, with participation from Standard Investments, NGP, Radius Capital, and KKR co-founder Henry Kravis. The funding will be used for business development and further development of the company’s platform. PhysicsX aims to address the bottleneck in development caused by the need to simulate and test new ideas before committing to development. The company’s platform allows engineers to predict the physics of a system with high accuracy and speed, enabling optimization and problem-solving in a variety of domains. The emergence of PhysicsX comes at a time when AI is increasingly being applied to the physical world, and the company aims to transform engineering in complex industries.