Genesis AI, the Paris- and Palo Alto-based physical-AI startup behind the GENE foundation model and the Eno wheeled general-purpose robot, is in talks with investors to raise around $500 million in fresh capital at a $3 billion pre-money valuation, Bloomberg reported on July 23, 2026. Discussions are ongoing and the terms could still change.
From $105M Seed To $3B Talks In A Year
The reported valuation is roughly thirty times what Genesis was worth when it emerged from stealth on July 1, 2025, with a $105 million seed round co-led by Eclipse and Khosla Ventures and joined by Bpifrance, HSG and angels including Eric Schmidt and Xavier Niel. Genesis then built out a full-stack robotics platform combining an in-house physics simulator, the GENE foundation model, and its own wheeled robot, Eno.
Positioning Against A Crowded Physical-AI Field
Genesis is competing for capital against a rapidly consolidating group of physical-AI foundation-model companies. Physical Intelligence hit an $11 billion valuation on a $1 billion round earlier this year, and Travis Kalanick's Atoms just closed a $1.7 billion round with a16z and Uber. A $3 billion valuation would place Genesis firmly in that peer group but well behind the leaders on paper.
What The Money Would Fund
Genesis has said it plans to begin targeted customer deployments of Eno by the end of 2026, and to open-source parts of its data engine and foundation model to encourage third-party adoption. A larger round would likely accelerate real-world data collection, GPU compute for GENE, and the industrialisation of Eno's proprietary 20-DoF back-drivable dexterous hand. The company most recently disclosed GENE-26.5, an upgraded manipulation model, in June.
Reporting based on coverage from Bloomberg, TechCrunch and Genesis AI.