MRRPhysical AI
intelligence
← Capital intelligence

INV Venture capital

UP.Partners

Visit website View graph

Mobility-focused VC founded in 2020 with a $230M inaugural fund; invests in companies transforming how people and goods move across sea, land, air, and space with portfolio including Reliable Robotics, Teleo, Noble Machines, and Skydio.

HeadquartersSanta Monica, US
Portfolio7 companies
Cited round volume$729M
Cited rounds9
01

Physical AI portfolio

Round-by-round participation

HavocAIRobot maker · registered · defense
2025-10-09Venture$85MSource
TeleoRobot maker · registered · corporate
2024-11-21Series A · Lead$16MSource
2022-06-01Series A · Lead$12MSource
SkydioRobot maker · registered · corporate
2023-02-27Series E$230MSource
2021-03-01Series D$170MSource
02

Source ledger

9 unique public sources

01
Reframe Systems raises $40M to scale its robotic microfactories for home buildingThe Robot Report · retrieved 2026-09-02
02
Reliable Robotics Announces $160M in New InvestmentBusinessWire · retrieved 2026-07-05
03
HavocAI raises $85M to sell autonomous boats to the U.S. militaryFortune · retrieved 2026-07-05
04
Teleo Raises $16.2 Million in Series A Extension Funds Led by UP.PartnersPR Newswire · retrieved 2026-07-05
05
Teleo Secures $12 Million Series A: confirms Trucks Venture Capital led prior Seed round (YC W20)PR Newswire · retrieved 2026-07-05
06
Skydio Raises $230M in Series E Funding Round, Becomes Largest US Drone ManufacturerSkydio · retrieved 2026-07-05
07
Series D Funding, $1B ValuationSkydio · retrieved 2026-07-05
08
Noble Machines Emerges from Stealth, Ships and Deploys General-Purpose Robots for Industry's Toughest Jobs (discloses seed backing from Up Ventures, South Park Commons, Centre Street Partners)Business Wire (company release) · retrieved 2026-07-05
09
Voyant Photonics Raises $15.4M in Series A Funding to Deliver 3D Sensing with its Chip-Scale LiDARsPR Newswire · retrieved 2026-07-16