Robotics startup FieldAI closes new funding round at $10 billion valuation
The startup, which is building a general-purpose "brain" for robots, has more than quadrupled its valuation in just over a year.
FieldAI, a robotics startup, has raised $700 million in a new funding round, bringing its valuation to $10 billion. This represents a significant increase from its $2 billion valuation last year. The company is developing a universal general-purpose brain for robots, capable of operating across various robots, tasks, and environments. This includes humanoids, drones, and industrial rovers, enabling them to function autonomously in unpredictable settings.
The latest funding round has doubled FieldAI's valuation in just over a year, from $2 billion to $10 billion. This brings the company closer to its competitors, Physical Intelligence and Skild AI, in terms of valuation. Notable investors in FieldAI include Jeff Bezos' family office, Laurene Powell Jobs' Emerson Collective, and Khosla Ventures. The company's revenue has also seen a substantial increase, with at least $35 million in revenue and customer contracts added since June, totaling over $135 million.
FieldAI's CEO, Ali Agha, mentioned that the company has experienced rapid growth in recent months. The startup is headquartered in Irvine, California, and the Bay Area, and has attracted talent from industry leaders such as Google DeepMind, Tesla, Nvidia, and Boston Dynamics. FieldAI's clientele includes construction firms, data center operators, and defense companies.
Written by urgent.news from Business Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
