50 startups transforming industries with physical AI | Bessemer Venture Partners

Bessemer Venture Partners: " In our latest research, the robotics market is experiencing explosive growth driven by three key factors: breakthrough advances in AI foundation models that enable better perception and decision-making, dramatic reductions in hardware costs, and acute labor shortages across critical industries. By 2035, it’s expected that there will be over 2.5 billion robots worldwide, but this figure understates the true opportunity — as robots become more capable and general-purpose, they’ll create entirely new markets rather than simply automating existing workflows.

The companies leading this revolution share common characteristics:

• World-class technical teams combining robotics, AI, and systems engineering expertise
• Focus on high-value, repeatable use cases that justify the complexity of deploying physical systems