P-1 AI
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Investors
Founders
About
P-1 AI is a San Mateo–based engineering AI startup building Archie, an agentic AI engineer designed for hardware engineering disciplines including mechanical, electrical, thermal, fluids, and systems design 12. The company was co-founded by CEO Paul Eremenko, previously CTO of Airbus 13. P-1 AI has established design partnerships with industrial firms in data center cooling and critical power systems, and is launching Archie Solo, a lightweight version for individual engineers 3.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-29 | Series A | $50M | NEA | Radical Ventures, Cameron McCord, Nick Marwell, Jo Zhu Kennedy, Jeff Dean, Peter Welinder, Bob van Luijt 1235 |
| 2025 | Seed | $23M | Radical Ventures | — 34 |
Jeff Immelt, former chairman and CEO of General Electric, joined the board of directors as part of the Series A 12. NEA partner Lila Tretikov, previously Microsoft’s deputy CTO, joined as a board observer 13.
What Investors Say
No independently sourced investor quotes beyond press release boilerplate.
What Founders Say
No independently sourced founder testimonials found at time of profile creation.
Sources
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GlobeNewswire, “Engineering AI startup, P-1 AI, Announces Its Series A Financing Led by NEA, Adding Jeff Immelt to the Company’s Board,” July 29, 2026. Accessed July 2026. https://www.globenewswire.com/news-release/2026/07/29/3335235/0/en/Engineering-AI-startup-P-1-AI-Announces-Its-Series-A-Financing-Led-by-NEA-Adding-Jeff-Immelt-to-the-Company-s-Board.html↩↩↩↩↩
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Yahoo Finance / GlobeNewswire republication, “Engineering AI startup, P-1 AI, Announces Its Series A Financing Led by NEA, Adding Jeff Immelt to the Company’s Board,” July 29, 2026. Accessed July 2026. https://finance.yahoo.com/technology/ai/articles/engineering-ai-startup-p-1-123500705.html↩↩↩
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Dealroom, “P-1 AI raises $50M Series A led by NEA, adds ex-GE CEO Jeff Immelt to board,” July 29, 2026. Accessed July 2026. https://app.dealroom.co/news/feed/p-1-ai-raises-50m-series-a-led-by-nea-adds-ex-ge-ceo-jeff-immelt-to-board↩↩↩↩↩
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Pulse 2.0, “P-1 AI: $23 Million Raised For Building Engineering AGI For Physical Systems,” 2025. Accessed July 2026. https://pulse2.com/p-1-ai-23-million-raised-for-building-engineering-agi-for-physical-systems/↩
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Goodwin, “Goodwin Advises P-1 AI on Its $50 Million Series A Financing,” July 2026. Accessed August 2026. https://www.goodwinlaw.com/en/news-and-events/news/2026/07/announcements-technology-goodwin-advises-p-1-ai-50-million-series-a-financing — Legal advisor confirmation of the $50M Series A led by NEA. ↩