NextFin News — Physis, a Chinese Mainland world model company also known as Inverse Matrix Technology, completed a Seed++ funding round exceeding $100 million.
The round was joined by MPC, Luminous Ventures, 5Y Capital, BAI Capital and Eastern Bell Capital, along with strategic investment from Ant Group. Existing investors Hillhouse Capital and Yanyuan Fund increased their stakes. The company was co-founded by Chen Boyuan and Ji Jiaming.
Proceeds will primarily support pre-training of a general world base model and development of large-scale training infrastructure. The financing highlights strong investor appetite for foundational AI research in reinforcement learning and world models. It reflects accelerating capital allocation into next-generation AI architectures in the Chinese Mainland, with potential long-term impact on embodied intelligence, robotics and broader AI applications. Market participants will track progress on model development and early commercialization milestones.
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