FieldAI signs a term sheet for a planned $700M round at a $10B valuation around its general-purpose robot brain

What changed

Business Insider reported on October 2 that physical-AI company FieldAI had signed a term sheet for a planned financing of about $700 million at a roughly $10 billion valuation. The round may not have formally closed and the lead investor was not disclosed, so this should not be described as a completed $700 million raise. FieldAI develops general-purpose autonomy software intended to work across humanoids, robot dogs, drones and industrial rovers. The report also attributes more than $135 million in revenue and customer contracts to a source familiar with the company.