About P-1 AI
P-1 AI is a Technology company based in Las Vegas (United States) founded in 2024 by Paul Eremenko. AI tools for product design and engineering tasks are developed. P-1 AI has raised $73 million across 2 funding rounds from investors including Lerer Hippeau, Radical Ventures and Village Global. Its chief executive, as recorded, is Paul Eremenko. P-1 AI offers products and services including Engineering AGI. Its focus areas include Business Services, AI Services and Horizontal. Its legal entity is P-1 AI, Inc. Its competitors include EXL, Quantiphi and Orioninc; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2024 and based in Las Vegas, United States, P-1 AI focuses on the development of AI systems for product design and engineering. These systems distill design requirements into concepts, manage trade-offs, and select tools for detailed work. Operations involve training models on synthetic datasets informed by physics and supply chains, enabling spatial and multi-physics analysis in the AI sector.
- Total Equity Funding$73M (USD)
in 2 rounds
- Latest Funding Round$50M (USD), Series A
Jul 2026
- InvestorsLerer Hippeau
& 7 more
Products & Services of P-1 AI
P-1 AI offers a comprehensive portfolio of products and services, including Engineering AGI.
Platform for developing AGI targeted at physical world engineering
Funding Insights of P-1 AI
P-1 AI has successfully raised a total of $73M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in July 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $73M
- Total Rounds 2
- Last Round Series A — $50M
- First Round $23M
(May 2025)
- Investors Count 8
All 2 funding rounds of P-1 AI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2026 | $50M | Series A | – | New Enterprise Associates | – |
| May 2025 | $23M | Seed | – | Radical Ventures |
8 investors in total: 5 institutional and 3 angel.
Investors in P-1 AI
P-1 AI has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Lerer Hippeau, Radical Ventures and Village Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on AI-driven companies | radical.vc | Toronto, Canada | ||
Early-stage venture capital investing, network building, and founder support services. | villageglobal.vc | |||
Early-stage venture capital investments in industrial technology are made. | schematicventures.com | San Francisco, United States | ||
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
| nea.com | ||||
JD Jeff Dean | unknown_3900dd5498c448cb9 | |||
PW Peter Welinder | AI researcher, OpenAI VP, angel investor in tech startups | unknown_5766fc12482b45019 | ||
BV Bob Van Luij | Founder of SeMI Technologies, angel investor in Indian startups | unknown_3612391193b047c58 |
Investor details for P-1 AI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of P-1 AI
10 people are tracked at P-1 AI (6 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Paul Eremenko | Founder & CEO | Leadership |
Ethan Lew | Head Of Customer Engineering | Leadership |
Chase Shimmin | Head Of AI | Leadership |
Adam Nagel | Co-founder & Head Of Engineering | Leadership |
Silvio Memme | Head Of Business Development | Leadership |
Nima Mehdian | Head Of Operations | Leadership |
Chas Galey | Member Of Technical Staff | Team |
Cyril Picard | Member Of The Technical Staff (applied AI Researcher) | Team |
Joseph Pacold | Member Of Technical Staff | Team |
Chandrasekar Sureshkumar | Simulation Wrangler | Team |
Complete people profiles for P-1 AI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of P-1 AI
3 dated milestones of P-1 AI across 2 years, from founding to its latest funding, stage changes and deals.
- Founded P-1 AI is founded.
- Funding First funding round of $23.0M.
- Funding Latest funding round, Series A, of $50.0M.
Competitors of P-1 AI
P-1 AI has 3 listed competitors in our database, 2 of them funded. They include EXL, Quantiphi and Orioninc.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| exlservice.com | 1999 | New York, United States | $10M | 21,544 | Analytics and digital solutions for healthcare and banking are provided. | |
| quantiphi.com | 2013 | Marlborough, United States | $23.5M | 2,670 | Provider of AI and machine learning services | |
| orioninc.com | 1993 | Monmouth Junction, United States | 832 | Provider of AI, data analytics, application development and IT security services |
Detailed competitors of P-1 AI
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of P-1 AI
The website of P-1 AI (p-1.ai) receives about 4.5K visits a month.
- Monthly visits4.5K
▲ 65.2% vs previous month
Top companies in AI Core Platforms & Infrastructure
3 companies that operate in the same segment as P-1 AI (AI Core Platforms & Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 180.07 B | 11,115 | ||
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 132.31 B | 6,146 |
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Frequently Asked Questions about P-1 AI
P-1 AI was founded in 2024 and raised its 1st funding round 1 year after it was founded.
P-1 AI is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Paul Eremenko is the CEO of P-1 AI, as recorded in our data. They have also founded this company.
P-1 AI is a funded company, having raised a total of $73M across 2 funding rounds to date. The company's 1st funding round was a Seed of $23M, raised on May 2025.
Founded in 2024 and based in Las Vegas, United States, P-1 AI focuses on the development of AI systems for product design and engineering. These systems distill design requirements into concepts, manage trade-offs, and select tools for detailed work. Operations involve training models on synthetic datasets informed by physics and supply chains, enabling spatial and multi-physics analysis in the AI sector.
P-1 AI offers Engineering AGI.
P-1 AI has 8 investors. Key investors include Lerer Hippeau, Radical Ventures, Village Global, Schematic Ventures, and Jeff Dean.
P-1 AI operates through P-1 Ai, Inc.