Field AI Seeks $2 Billion Valuation with Nvidia's Backing

Field AI, a robotics startup backed by Nvidia, is reportedly in discussions to raise several hundred million dollars at a $2 billion valuation, according to The Information. This marks a substantial increase from last summer when the company was valued at $500 million.

Based in California, Field AI specializes in developing artificial intelligence models that enhance robotic performance across various industries, including construction and oil and gas. The company is already generating revenue by selling access to its AI-powered software, which integrates with robots from companies like Boston Dynamics and Unitree Robotics.

Field AI is working on a multimodal large AI model that incorporates text, images, voice, and lidar sensor data to advance robotic autonomy. The startup's previous investors include Khosla Ventures and Temasek, though the potential investors for this new funding round remain undisclosed.