Robot software startup FieldAI is set to raise $700M at a $10B valuation

FieldAI is raising $700M at a $10B valuation, five times its mark from just over a year ago, for software designed to run robots it does not build. Europe’s biggest robotics rounds this year funded machine makers, and the nearest European answer to FieldAI was reported at about a third of its valuation.

FieldAI is set to raise $700M at a $10B valuation, for software that runs robots it does not build. The Californian company makes no machines at all. Europe’s robotics money has gone into the machines.

The valuation is five times the $2B mark set just over a year ago, according to a person familiar with the deal, as Business Insider reported. A term sheet is signed and the round has not closed. FieldAI did not respond to a request for comment.

It calls the product a universal general-purpose brain, meant to run humanoids, robot dogs, drones...

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