The Pulse
FieldAI Seeks $700M at $10B Valuation, Business Insider Reports
FieldAI is seeking $700 million at a reported $10 billion valuation, with a term sheet signed but the financing not formally closed. The Irvine robotics AI company’s combined revenue and customer contracts have topped $135 million, accordin
AI.info Team · Written with AI ·
“We have seen very, very fast growth in the last several months.”
Ali Agha, CEO of FieldAI
FieldAI is seeking $700 million at a $10 billion valuation, a fundraising effort that would mark a fivefold increase over the robotics software company’s $2 billion valuation last year. Business Insider reported the terms on October 2, citing a person familiar with the deal. The company has signed a term sheet, but the financing may not have formally closed.
The report did not identify a lead investor. FieldAI did not respond to Business Insider’s request for comment. The reported valuation and fundraising amount therefore describe a deal in progress, not a completed round.
From $405 million to a reported $10 billion
FieldAI announced in August 2025 that it had raised $405 million across two consecutive rounds. The company named Bezos Expeditions, Emerson Collective, Intel Capital, Khosla Ventures and NVentures among the investors. Business Insider reported the company was then valued at $2 billion; the new proposed valuation would be five times that figure in just over a year.
The scale of the reported round reflects investor interest in software that lets robots work across different machines and settings. FieldAI, founded in 2023 and headquartered in Irvine, California, says its models can support platforms including humanoids, quadrupeds, wheeled robots and passenger-scale vehicles. Its pitch is that one underlying system can handle changing conditions without relying on a prepared map, GPS or predefined routes.
Contracts and revenue top $135 million
Business Insider’s source said FieldAI had added at least $35 million in revenue and customer contracts since June, taking the combined total above $135 million. The distinction matters: the figure bundles revenue with customer contracts, so it should not be read as recognized revenue alone. The company had previously crossed $100 million in the combined measure across more than 30 customers, Business Insider reported.
Those customers include construction firms, data center operators and defense companies. The company’s August 2025 funding announcement described deployments across industrial environments and said the capital would support product development, international growth and hiring. Those are company-reported details, not independent measures of how widely its systems are deployed.
The hard test is work outside the demo
FieldAI’s models, which it calls Field Foundation Models, are designed for robots operating in physical environments where conditions can shift. In its funding announcement, the company said the models were built to account for uncertainty and risk, and to adapt across different robot types. Such claims speak to a difficult practical challenge: a system that performs a narrow task in controlled conditions still has to deal with unfamiliar layouts, obstacles and hazards when deployed on a working site.
Agha’s comment on fast growth offers a glimpse of the company’s commercial momentum, but the new round remains subject to its reported terms. Investors have not been identified, and the reported $135 million combines two distinct measures. For now, the clearest concrete markers are the signed term sheet, the proposed $700 million raise and FieldAI’s last announced financing: $405 million in August 2025.