Generalist AI lands $400M Series B at $2B valuation for robot foundation models

Generalist AI, a San Mateo–based robotics AI startup, has secured $400 million in a Series B funding round at a post-money valuation of $2 billion. The round was led by Radical Ventures, with participation from 8VC, Union Square Ventures, Hanabi Capital, and Norwest, alongside returning backers including Nvidia’s NVentures and Bezos Expeditions, as well as Boldstart Ventures, Spark Capital and NFDG. The company disclosed that the new capital brings its total funding to more than $500 million since inception, reinforcing its push to build what it calls physical AGI — foundation models that enable robots to perform a broad range of real-world tasks across factories, warehouses, labs and homes.

Founded by Pete Florence and team, Generalist AI is developing general-purpose robotics intelligence that can transfer across multiple robot types, from industrial arms to mobile platforms and humanoids. Investors are backing the company’s progress with its GEN-0 and GEN-1 systems, which are reported to improve reliability, execution speed and adaptability in physical environments. The size of the Series B and the $2 billion valuation underscore escalating investor conviction that foundation models for robotics could mirror the impact of large language models in software, positioning Generalist AI as one of the most heavily funded players in physical AI and robotics infrastructure.