Jeff Bezos Backs Robots That Fold Laundry — $400M Raised
Your laundry could soon fold itself — here's why that matters.
Deep Dive
Physical Intelligence confirmed to Business Insider that it raised $400 million in financing, in a round led by Amazon’s executive chairman and venture-capital firms Lux Capital and Thrive Capital, giving the startup a $2 billion pre-money valuation.
Key Points
- Physical Intelligence raised $400 million, making it worth $2 billion.
- Jeff Bezos and major venture firms led the investment.
- The robots can do chores like folding laundry — aiming for home use, not just factories.
Why It Matters
Help with household chores could become real, freeing up hours every week for families.