❯ Robot “brain” maker FieldAI plans to raise $700 million, lifting its valuation from $2 billion to $10 billion in just over a year

Five times the valuationAccording to Business Insider, citing a person familiar with the matter, robotics software company FieldAI is raising $700 million at a $10 billion valuation, five times the $2 billion it was valued at in August 2025. The Next Web reports that a term sheet has been signed and the round has not closed.

Software only, no robotsFieldAI was founded in Irvine, California, in 2023. It develops what it calls a universal general-purpose robot brain: one set of software that can be installed in humanoids, robot dogs, drones and industrial rovers. According to TechCrunch last year, its models build physics into training so that robots adapt to new environments quickly and judge how confident they are and where the risks lie. The company makes no robot hardware itself.

Customers are already payingIts customers are construction firms, data center operators and defense companies. Reports say its revenue and signed contracts together exceed $135 million across more than 30 customers, up at least $35 million since June. Last August the company disclosed $405 million in total funding, including a round co-led by Bezos Expeditions, Prysm and Temasek.

Software valued above hardwarePhysical Intelligence is valued at about $11 billion and Skild AI at about $14 billion, both above most companies that build whole robots. Investors are betting that robot hardware will get cheaper and more alike, and that the scarce part is software able to fit many bodies. That bet needs more real deployments on sites and in factories to be proven.

▪ SIGNALCapital now prices robot software above robot makers, wagering that the industry will follow smartphones and send its profits to the operating system instead of the shell.