Previously backed by Nvidia, Field AI, a California-based robotics startup, is in talks to raise hundreds of millions, with its valuation soaring to $2 billion, driven by growing investor interest.
California-based Robotics startup Field AI is in talks to raise several hundred million dollars, with its valuation expected to reach $2 billion. This represents a significant increase from the $500 million valuation it received last year from investors, including NVIDIA Corp, according to a report from The Information.
Although details of the investors in Field AI’s latest round remain unclear, it has already raised over $100 million from prominent backers, including Khosla Ventures and Temasek.
Field AI develops AI models that enable robots to perform complex tasks across construction and oil and gas industries. Unlike many emerging robotics firms, Field AI has already begun generating millions in revenue by offering access to its specialised AI models.
The company’s software integrates with external hardware units that can be attached to robots from major manufacturers, including Boston Dynamics and Unitree Robotics. Field AI is also working on a multimodal large model that combines text, images, voice, and lidar sensor data to enhance robotic autonomy.
Investor interest in robotics startups is reportedly on the rise globally, with competitors like Skild AI aiming to raise funds at a $4 billion valuation. Meanwhile, Physical Intelligence secured financing at a $2 billion valuation in November.
The jump in valuation highlights growing optimism within the robotics sector, particularly as companies like Field AI begin to demonstrate their commercial viability.
