Bain Capital’s Ajay Agarwal bet on robots when Silicon Valley wouldn’t. Now he sees a ‘golden era’ for physical AI
AI-generated summary Bain Capital Ventures investor Ajay Agarwal views the current period as a golden era for hardware and physical artificial intelligence. PitchBook figures indicate that robotics and physical artificial intelligence startups raised $27.6 billion in funding across 1,009 deals in 2025.