FieldAI Hits $2 Billion Valuation After $405 Million Raise Backed By Nvidia

[ad_1]

FieldAI, a two-year-old robotics startup announced last Wednesday that it raised $405 million across two recent funding rounds.

The funding rounds propels FieldAI’s valuation to $2 billion, according to a person familiar with the matter cited by CNBC. The funding was oversubscribed, with demand exceeding expectations as industries turn to robotics to address labor shortages and efficiency needs.

Don’t Miss:

High-profile investors included NVentures, the venture arm of Nvidia (NASDAQ:NVDA), Jeff Bezos through Bezos Expeditions, Bill Gates through Gates Frontier, Samsung, Intel Capital, Khosla Ventures, Temasek, Prysm Capital and Canaan Partners. FieldAI founder and CEO Ali Agha told CNBC that most investors approached the company directly, which shows the excitement around its technology.

“We are growing,” Agha said. “This funding announcement is to respond to the customer demand.”

Led by former engineers and scientists from DeepMind, Tesla Autopilot, NASA, Amazon (NASDAQ:AMZN), and SpaceX, FieldAI, headquartered in Irvine, California, brings together decades of expertise in robotics and autonomy.

At the core of FieldAI’s platform are field foundation models, described by the company as a new class of physics-first foundation models built specifically for embodied intelligence.

Trending: 7 Million Gamers Already Trust Gameflip With Their Digital Assets — Now You Can Own a Stake in the Platform

Unlike language or vision models adapted for robotics, these models are designed to handle uncertainty, risk, and the physical constraints of real-world conditions, enabling robots to navigate unpredictable environments without GPS, maps, or predefined trajectories.

Agha told CNBC that this “effortless transferability” across environments allows companies to scale robots quickly with minimal integration work required on the customer side. The approach is already being used in industries such as construction, energy, logistics, and manufacturing, with robots operating in facilities worldwide from Japan to Europe to the U.S.

FieldAI says the fresh capital will allow it to accelerate global expansion, double headcount by the end of the year, and extend product development into areas such as locomotion and manipulation. The company has already added more than 100 positions over recent months to meet surging demand and address labor and safety challenges facing large industries, CNBC reports.

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *