Allocations is under discussion of a round to take it above $11 billion.

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Physical Intelligence is building one model to control any robot, and sells no robots at all. Investors valued the company at $5.6 billion in November 2025, and a round…

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About Allocations

Allocations is a fund administration platform that administers over $3 billion in assets across more than 1,800 funds and 30,000 clients, covering the full lifecycle of SPVs, funds, and offshore structures. From entity formation and investor onboarding to capital calls, distributions, and tax reporting, all on a single platform.

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