Latest news with #FieldAI
Geek Wire
8 hours ago
- Business
- Geek Wire
Robotics startup FieldAI, backed by Gates and Bezos, hits $2B valuation after latest funding
GeekWire's startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory . FieldAI says its foundation models have been proven across a wide range of embodiments, including quadrupeds, humanoids, wheeled robots, and passenger-scale vehicles. (FieldAI Photo) FieldAI, a robotics startup backed by Bill Gates, Jeff Bezos, and others, raised $405 million in recent funding rounds as the California-based company aims to deploy its 'software brain' in a variety of robots across diverse environments. The investment, which came in consecutive Series A and A1 rounds, values the 2-year-old startup at $2 billion according to reports by Axios and CNBC on Wednesday. Gates Frontier, an investment arm of the Microsoft co-founder, previously backed FieldAI. Bezos Expeditions, the investment office for the Amazon founder, joined the latest oversubscribed round along with NVentures (NVIDIA's venture capital arm), BHP Ventures, Canaan Partners, Emerson Collective, Intel Capital, Khosla Ventures, Prysm, Temasek, and others. FieldAI builds the intelligence that powers humanoid robots and other embodiments, including quadrupeds, wheeled robots and passenger-scale vehicles. The company says its platform — called Field Foundation Models — differs from conventional vision or language models retrofitted for robotics. FFMs are designed to grapple with uncertainty, risk, and the physical constraints of the real world and safely navigate and work in dynamic, unstructured environments without prior maps, GPS, or predefined paths. FieldAI attaches its system to third-party robot hardware, and they can work autonomously across industries including construction, energy, manufacturing, urban delivery and inspection. The acceleration of robotics is evident at companies like Amazon, where the tech giant has deployed more than 1 million robots across its fulfillment network, with the goal of making warehouse work safer and more efficient. Amazon has invested in Salem, Ore.-based Agility Robotics through its Industrial Innovation Fund, a billion-dollar venture capital fund that backs different forms of supply chain technology. Agility — known for its Digit bipedal humanoid warehouse robot, was raising $400 million in new funding earlier this year, according to reports. Last year, Amazon hired three of the founders from Covariant, a Bay Area startup that develops AI for advanced warehouse robotics systems. Bezos Expeditions previously joined a $400 million funding round for Physical Intelligence, a robot startup in San Francisco that is also backed by OpenAI. FieldAI is led by veterans in robotic AI from DeepMind, Google Brain, Tesla Autopilot, NASA JPL, SpaceX, Zoox, Cruise, Amazon, DARPA, TRI, and others. 'With a deep understanding of the resilience and robustness required to deploy robotic AI in complex real-world conditions, we have taken a fundamentally different approach,' founder and CEO Ali Agha said in a statement. 'Rather than attempting to shoehorn large language and vision models into robotics — only to address their hallucinations and limitations as an afterthought — we have designed intrinsically risk-aware architectures from the ground up.'
Yahoo
8 hours ago
- Business
- Yahoo
FieldAI raises $405M to build universal robot brains
FieldAI, an Irvine, California-based, has raised $405 million across multiple previously undisclosed rounds to develop what it calls 'foundational embodied AI models' — essentially robot brains designed to help everything from humanoids to quadrupeds to self-driving cars adapt to new environments. The company announced the funding Wednesday; the most recent round raised $314 million in August and was co-led by Bezos Expedition, Prysm and Temasek. FieldAI's other backers include Khosla Ventures, Intel Capital, and Canaan Partners, among others. Unlike traditional AI that processes text or images, embodied AI refers to AI that controls physical robots moving through real-world environments. FieldAI builds 'Field Foundation Models' which are general-purpose embodied AI models rooted in physics. This approach gives robots the ability to quickly learn and adapt to new environments while being conscious of risk, FieldAI founder and CEO Ali Agha told TechCrunch in an interview. 'The mission is to build a single robot brain that can generalize across different robot types and a diverse set of environments,' Agha said. 'To get there, you need to manage risk and safety as you go to these new environments. And that has been a fundamental gap in robotics, that traditional models and traditional approaches were never designed to manage that risk and safety.' Agha said the key to getting robots to be able to safely learn in new environments is to add a layer of physics into these AI models. This addition gives robots a second set of information to pull from to make decisions — especially in a new environment — as opposed to just reacting to whatever a model says to do next as traditional LLMs do. He added that while a small amount of AI hallucination isn't detrimental in certain circumstances, it can be for robots working in dangerous environments or alongside people. 'Suddenly you start to have that sense of, how much I know, and if I don't know something, or if I'm making a decision, how confident I am in it,' Agha said. 'Once [the] network starts getting access to that, it starts making much safer decisions. Not just this spits out that, 'Hey, here's the next sort of an action,' but it tells you how confident it is, and you as a customer can define this risk threshold, and robot will be reactive to that.' Agha has been working on this idea for decades across various roles at places ranging from NASA to Massachusetts Institute of Technology (MIT). He decided to launch FieldAI when he achieved a technological breakthrough that allowed one robot brain to work across different types of robots performing both the same and individual actions. Since launching the company in 2023, FieldAI has secured contracts across industries including construction, energy, and urban delivery. The company declined to disclose any customers by name. The funding will support research and development while helping the company ramp up production to deploy its models to its customers and to further expand its reach abroad. Agha compares FieldAI's approach to human evolution. 'You evolve to be able to do various different tasks in different environments, and you have the ability to rapidly learn, [and] we believe that is a necessity in robotics. Yes, definitely you can optimize for one specific use case, but that is not the market we are going after.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Business
- Yahoo
Robotics startup FieldAI raises $314 million in new funding, sources say
By Krystal Hu (Reuters) -FieldAI, which develops systems for robots to operate safely in industrial environments, has raised $314 million in a new funding round, quadrupling its valuation, sources with knowledge of the matter said. The Irvine, California-based startup is now valued at $2 billion, up from $500 million in a round last year, they added. FieldAI said it has raised $405 million over two funding rounds to scale its artificial intelligence platform but did not break out its latest financing. It added that backers include Khosla Ventures, Nvidia's NVentures, Bezos Expeditions, Canaan Partners and Intel Capital. The startup, founded in 2023, has gained attention as it focuses on software that can be installed on a wide range of hardware, allowing it and its clients to use the most cost-effective robots which accelerates deployment. That contrasts with vertically integrated companies that build their hardware and software, such as Figure AI. FieldAI's current focus is on enabling robots to perform monitoring and surveying tasks in "dirty, dull, dangerous" environments, with a long-term goal of expanding into more complex, action-based capabilities. CEO Ali Agha, a former robotics technologist at NASA, said in an interview that the financing will help the company expand its team from about 30 people at the end of 2024 to nearly 100 to support multi-million-dollar contracts in the U.S., Europe and Asia. He added that FieldAI's technology differentiates itself from other AI models because it integrates physics principles to manage risk in a changing environment, allowing robots to operate more safely without needing pre-mapped environments. "In robotics, there are consequences to actions, so managing that risk is the fundamental gap today," Agha said. Kanu Gulati, a partner at Khosla Ventures, said FieldAI was attractive because one of the robotics industry's main bottlenecks to further development was the lack of real world data. "The bigger story for me is getting more robots deployed that are collecting more data, and then they can be in the pole position to win," she said. Global funding in robotics surged to $18.6 billion in 2024, a 116% increase from the previous year, according to a report by F-Prime Capital.
Yahoo
11 hours ago
- Business
- Yahoo
Robotics startup FieldAI raises $314 million in new funding, sources say
By Krystal Hu (Reuters) -FieldAI, which develops systems for robots to operate safely in industrial environments, has raised $314 million in a new funding round, quadrupling its valuation, sources with knowledge of the matter said. The Irvine, California-based startup is now valued at $2 billion, up from $500 million in a round last year, they added. FieldAI said it has raised $405 million over two funding rounds to scale its artificial intelligence platform but did not break out its latest financing. It added that backers include Khosla Ventures, Nvidia's NVentures, Bezos Expeditions, Canaan Partners and Intel Capital. The startup, founded in 2023, has gained attention as it focuses on software that can be installed on a wide range of hardware, allowing it and its clients to use the most cost-effective robots which accelerates deployment. That contrasts with vertically integrated companies that build their hardware and software, such as Figure AI. FieldAI's current focus is on enabling robots to perform monitoring and surveying tasks in "dirty, dull, dangerous" environments, with a long-term goal of expanding into more complex, action-based capabilities. CEO Ali Agha, a former robotics technologist at NASA, said in an interview that the financing will help the company expand its team from about 30 people at the end of 2024 to nearly 100 to support multi-million-dollar contracts in the U.S., Europe and Asia. He added that FieldAI's technology differentiates itself from other AI models because it integrates physics principles to manage risk in a changing environment, allowing robots to operate more safely without needing pre-mapped environments. "In robotics, there are consequences to actions, so managing that risk is the fundamental gap today," Agha said. Kanu Gulati, a partner at Khosla Ventures, said FieldAI was attractive because one of the robotics industry's main bottlenecks to further development was the lack of real world data. "The bigger story for me is getting more robots deployed that are collecting more data, and then they can be in the pole position to win," she said. Global funding in robotics surged to $18.6 billion in 2024, a 116% increase from the previous year, according to a report by F-Prime Capital. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
11 hours ago
- Business
- Axios
FieldAI raises over $400 million to make robot "brains"
FieldAI, a California-based developer of "brains" for robots, raised $405 million in venture capital funding at a $2 billion post-money valuation. Investors include funds affiliated with Jeff Bezos and NVIDIA. Why it matters: This is AI that could enable future AI, by helping to build data centers. Field AI is developing what it calls field foundation models, trained on the physical world, rather than retrofitting large language models to robots. It then applies these FFMs to third-party robots, regardless of form, with a focus on applications in "dirty, dull, or dangerous" industries like construction, energy, and logistics. FieldAI CEO Ali Agha tells Axios:"All we need from the robot manufacturer is that the robot can be joysticked by a person. If you have that, we can replace the person by installing our box on the robot. For example, if it's a humanoid robot, then it looks like a backpack. If it's a quadruped, then it's on its back." Zoom in: The initial $91 million was raised at a $400 million pre-money valuation late last year. The remainder came in more recently at the $2 billion post-money mark.
