FieldAI closes new funding round at $10 billion valuation

FieldAI has raised $700 million at a $10 billion valuation, according to a person familiar with the deal. The new round means the robotics startup has more than quadrupled its valuation in just over a year, after previously being valued at $2 billion.

The company raised over $400 million last year from investors including Jeff Bezos' family office, Laurene Powell Jobs' Emerson Collective, and Khosla Ventures. Business Insider reported that it is not clear which venture capital firm led the latest round, and FieldAI did not respond to a request for comment.

Founded in 2023, FieldAI says it is building a “universal general-purpose brain” designed to work across robots, tasks, and environments. Its software is intended to power machines including humanoids, robot dogs, drones, and industrial rovers.

The pitch is autonomy in unpredictable real-world settings, not just single-task performance in controlled environments. That distinction is central to why investors are watching “physical AI,” or AI systems that can act in the real world.

Since June, FieldAI has added at least $35 million in revenue and customer contracts, bringing its total to more than $135 million, according to the person familiar with the deal. Business Insider previously reported that the company had surpassed $100 million in revenue and customer contracts across more than 30 customers.

FieldAI’s customers include construction firms, data center operators, and defense companies. The company is headquartered in Irvine, California, and the Bay Area, and has hired talent from Google DeepMind, Tesla, Nvidia, and Boston Dynamics.

The round places FieldAI closer to heavily funded robotics AI competitors, including Physical Intelligence, valued at roughly $11 billion, and Skild AI, valued at more than $14 billion. The funding shows continued investor appetite for robotics software that can move AI beyond screens and into real-world machines.

The key challenge is execution: making a robot brain reliable across messy, changing environments. CEO Ali Agha told Business Insider in June, “We have seen very, very fast growth in the last several months.”