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Benzinga
Benzinga
Business
Paula Tudoran

Bill Gates And Jeff Bezos Bet On Robots: FieldAI Hits $2 Billion Valuation After $405 Million Raise Backed By Nvidia

Bill Gates Jeff Bezos Nvidia Robots CNBC Khosla Ventures
Turin,,Italy,-,April,2018:,"pepper",Robot,Assistant,With,Information

FieldAI, a two-year-old robotics startup announced last Wednesday that it raised $405 million across two recent funding rounds.

The funding rounds propels FieldAI's valuation to $2 billion, according to a person familiar with the matter cited by CNBC. The funding was oversubscribed, with demand exceeding expectations as industries turn to robotics to address labor shortages and efficiency needs.

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