-17%

est. 2Y upside i

AI & MLSeries C

PhysicsX is deploying AI to transform how physical systems are engineered, embedding intelligence across the entire product lifecycle, from concepting and design to manufacturing and operations.

Rank

#2699

Sector

Industrial AI / AI-Native Engineering

Est. Liquidity

~4Y

Data Quality

Data: Medium

The equity upside over 2 years is expected to be negative due to the high entry multiple (48x revenue).

Last updated: July 19, 2026

Bull (25%)+128%

Multiple holds near 40x due to sustained growth and potential IPO window, yielding exit ~$5.5B, a 128% return before dilution.

Base (45%)-43%

Multiple converges to comp range of 10x, revenue grows to $137M, exit ~$1.37B, leading to -43% return.

Bear (30%)-100%

Multiple compresses to 3.5x, exit $479M below $489M preference, common stock worthless.

Est. time to liquidity~4.0 years

Preference Stack Risk

moderate

Funding Intensity

20%

Total funding of $489M represents 20.4% of valuation, so preference overhang is moderate.

Dilution Risk

low

Recent $300M raise provides ample runway, so dilution from future rounds is unlikely within 2 years.

Secondary Liquidity

none

No secondary market activity reported.

Other — 43 roles

View all 43 open roles at PhysicsX →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on PhysicsX's data — designed to show you've done your homework.

  • 1

    “How does PhysicsX plan to maintain its competitive moat as incumbents like ANSYS advance their AI capabilities?”

  • 2

    “What are the unit economics of customer acquisition and retention, and how does the hybrid revenue model scale?”

  • 3

    “What is the expected timeline to liquidity, and does the company have plans for secondary sales or IPO?”

Community

Valuation Sentiment

Our model estimates -17% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.