Particle.news

Download on the App Store

FieldAI Raises $405 Million, With Latest Round Putting Robotics Startup Near $2 Billion Valuation

The company says the cash will accelerate R&D, production ramp, global deployments for its physics-aware robot brain platform.

Overview

  • The most recent $314 million round in August was co-led by Bezos Expeditions, Prysm and Temasek, bringing total funding disclosed to $405 million across two rounds.
  • Investors include NVentures (NVIDIA), Khosla Ventures, Canaan Partners, Intel Capital and Temasek, and the company said the rounds were oversubscribed.
  • FieldAI’s physics-first Field Foundation Models quantify uncertainty and enable robots to operate in unstructured environments without pre-mapped layouts or GPS.
  • The software runs on third-party hardware and is deployed in construction, energy, manufacturing, urban delivery and inspection across the U.S., Europe and Japan.
  • FieldAI plans to grow from about 30 employees at the end of 2024 to nearly 100 to support multi-million-dollar contracts, as sources report its valuation rising from roughly $500 million last year to about $2 billion.