Nvidia, Bill Gates-backed robotics startup Field AI hits $2 billion valuation after recent raise

A FieldAI robot.Courtesy: FieldAIBill Gates-backed Robotics startup Field AI has raised $405 million in two funding rounds, with investments from Nvidia's venture capital arm and Amazon founder Jeff Bezos' family office.The funding comes during an "aha moment," founder and CEO Ali Agha told CNBC, as software and hardware reach an inflection point."We are growing," he said. "This funding announcement is to respond to the customer demand."The round values the two-year-old startup at $2 billion, according to a person familiar with the matter who asked not to be identified to discuss financial information.Along with NVentures and Bezos Expeditions, the rounds included investments from Khosla Ventures, Temasek, Canaan Partners and Intel Capital

Samsung and Gates Frontier, the Microsoft founder's investment fund, previously invested in the company.Read more CNBC newsSilicon Valley's AI deals are creating zombie startups: 'You hollowed out the organization'OpenAI launches cheapest ChatGPT plan at $4.6, starting in IndiaAnalysts downplay AI bubble worries as Altman says some investors will be left 'very burnt'Intel is getting a $2 billion investment from SoftBankThe Irvine, California-based company also said the rounds were overd

Agha said most investors apached FieldAI .Field AI's round comes during a busy period for robotics startups as companies look to beef up their artificial intelligence offerings and imve on efficiency

Two-time CNBC Disruptor 50 startup Gecko Robotics raised $125 million in June to surpass a $1 billion valuation.Field AI, which includes former DeepMind, SpaceX, Amazon, Tesla Autopilot and NASA employees, creates models used to control robots worldwide and works across sectors, including construction, energy and logistics.A FieldAI robot.Courtesy: FieldAIThe "effortless transferability" across environments and limited work on the customer side helps companies scale robots quickly, Agha said.Agha spent nearly a decade at NASA's Jet pulsion Laboratory and specializes in robotics autonomy and physical AI

Agha said Field AI has added more than 100 positions over the past few months to meet growing customer demands and address labor shortages and safety efficiency needs.Don’t miss these insights from CNBC Morgan Stanley says nu power is gaining momentum, recommends these stocksWells Fargo hikes S&P 500 target as U.S. tariffs get delayed againMorgan Stanley maintains bullish stance on Nvidia heading into earnings, raises price targetWhy UBS just raised its gold forecast again as the precious metal hovers near record highwatch now1:4601:46First-ever World Humanoid Robot Games conclude in Beijing — here are the highlightsNews s