FieldAI signs term sheet to raise $700M at a $10B valuation for its robot 'field foundation models'
Business Insider reported on Oct 2, 2026 that Irvine-based FieldAI signed a term sheet to raise $700M at a $10B valuation, five times its ~$2B valuation of 2025. FieldAI builds robot-agnostic autonomy models for quadrupeds, humanoids, wheeled robots and vehicles working where maps are unreliable, such as construction sites. The round had not closed.
Key facts
- $700M at $10B (term sheet signed, not closed, per Business Insider); ~5x the 2025 valuation of ~$2B
- Products: AI software that lets robots navigate and work autonomously without fixed maps or routes, used on quadrupeds, humanoids, wheeled robots and passenger-scale vehicles
- Peers' valuations cited in coverage: Physical Intelligence ~$11B, Skild AI >$14B
What happened
Business Insider reported the term sheet. Investors were not named in the accessible coverage.
Why it matters
Robot "brain" startups are now valued like frontier software labs: FieldAI joins Physical Intelligence and Skild AI at ~$10B or more.
Changelog
- 2026-10-02: created (Techmeme live front page, evening run)
Related events
Sources (3)
- pressBusiness Insider: Robotics startup FieldAI raises at $10B valuation in new round
- pressOrange County Business Journal: FieldAI set to raise $700M at $10B valuation
- pressRuntimeWire: FieldAI signs term sheet for $700M round at $10B valuation
id: 2026-10-02-fieldai-700m-10b-valuation · updated 2026-10-02 · open in the interactive timeline