FieldAI reportedly completes $700 million funding round at $10 billion post-money valuation

According to Business Insider, physical AI company FieldAI has signed a term sheet to complete a new $700 million funding round at a $10 billion post-money valuation. More than a year after its previous round, its valuation has risen fivefold from $2 billion. The deal has not yet officially closed, and the lead investor has not been disclosed.