Ethernovia raises $90M as investors rush to fund ‘Physical AI’

https://techcrunch.com/2026/01/20/ethernovia-raises-90m-as-investors-rush-to-fund-physical-ai/

Sean O'Kane Jan 20, 2026 · 1 min read
Ethernovia raises $90M as investors rush to fund ‘Physical AI’
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Investors and companies alike are trying to leverage developmental gains in AI to make leaps in technologies like robotics and autonomous vehicles — what’s being referred to now as “Physical AI.” That means some of the billions of dollars flowing to AI startups is starting to spill towards suppliers doing behind-the-scenes work to make these technologies real.

The latest case is Ethernovia, which on Tuesday announced a $90 million Series B. The San Jose-based company makes Ethernet-based processors that help collect data from sensors scattered around a system — like in an autonomous vehicle — and quickly move it to a central computer.