FieldAI Seeks $700M at $10B Valuation

AI robotics startup FieldAI is reportedly raising $700 million in funding, with a source telling Business Insider the round could value the company at $10 billion, five times its valuation from last August. The company is said to have already signed a term sheet. FieldAI develops AI models that allow robots to navigate without maps, GPS, or internet access, and generates continuously updated digital twins of deployment environments. The company has surpassed $135 million in revenue and contracts, with over 30 customers in construction, energy, and the public sector. Existing backers include Bezos Expeditions, Nvidia NVentures, and Intel Capital.