Pegasus Tech Ventures unveils $60 million fund targeting physical AI startups

Pegasus Tech Ventures announced a new fund of $60 million. The capital will be directed toward startups developing physical AI technologies. The initiative aims to support companies that combine artificial intelligence with hardware. Investors see strong growth potential in robotics, automation, and IoT applications. The fund complements Pegasus's existing portfolio of AI‑focused ventures. Startups receiving backing will gain access to mentorship and industry networks. The launch reflects rising interest in tangible AI solutions. The firm expects the fund to accelerate commercialization of physical AI products.