FieldAI reportedly lines up $700M at a $10B valuation

FieldAI, which sells software meant to control robots built by other companies, is set to raise $700 million at a $10 billion valuation, TNW reported, citing Business Insider. TNW said a term sheet has been signed but the round has not closed. The financing is therefore a reported deal, not capital FieldAI has already secured.

Founded in 2023, FieldAI calls its software a universal, general-purpose robot brain. It is designed to operate humanoids, four-legged robots, drones and industrial rovers without FieldAI building the machines itself. The company sells to construction firms, data-center operators and defense companies, customers with very different machines and operating environments.

TNW reported that revenue and customer contracts have passed $135 million across more than 30 customers, an increase of at least $35 million since June. The wording matters: the figure combines revenue with contracted business, so it isn't a clean measure of annual sales or cash already collected.

FieldAI's pitch is that one control layer can work across multiple robot bodies. A manufacturer supplies the physical machine; FieldAI supplies software intended to control it. That separation keeps the startup out of hardware production while asking the same software platform to serve customers whose equipment and working conditions can differ sharply.

The proposed valuation is five times the $2 billion mark set just over a year ago, according to TNW. The publication placed FieldAI near Physical Intelligence at roughly $11 billion and below Skild AI at $14 billion, showing that investors are attaching multibillion-dollar prices to robot-software companies that do not manufacture the machines they control.