Nvidia-Backed (NVDA) Field AI Raises $405M, Valued at $2B

NVIDIA Corporation (NASDAQ:NVDA) is one of the must-buy US stocks to invest in. On August 20, Field AI, a robotics startup backed by Nvidia’s venture capital arm, the Jeff Bezos’ family office, and Bill Gates, raised a total of $405 million across two recent funding rounds. These funding rounds have valued the two-year-old company at $2 billion, up from a $500 million valuation in 2024. The recent rounds were oversubscribed, with more investors seeking to participate than the company initially expected.

Field AI specializes in developing software brains, or Field Foundation Models (FFMs), that control robots operating autonomously in dynamic, unstructured environments without predefined maps or GPS. Its platform supports various robot hardware, including humanoids, quadrupeds, wheeled robots, and passenger-scale vehicles, enabling deployment across multiple industries, such as construction, energy, manufacturing, logistics, and urban delivery. The startup’s technology is designed explicitly for robotics, contrasting with attempts to retrofit large language or vision AI models onto robots.

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor and computing company. It designs graphics processing units (GPUs), system-on-chip units, and software platforms that power applications in gaming, artificial intelligence, data centers, and autonomous vehicles. The company’s CUDA ecosystem and accelerated computing technologies have enabled it to become a leader in AI infrastructure and high-performance computing worldwide.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.