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00:03Bill Gates-backed Field AI raised $405 million in two funding rounds with investments from
00:08NVIDIA's Venture Arm and Jeff Bezos' family office, according to CNBC. The company is now
00:14valued at $2 billion. CEO Ali Agha said the funding comes at an inflection point for software and
00:21hardware and will help Field AI meet growing customer demand. The funding rounds also included
00:26investments from Khosla Ventures, Tomasek, Canaan Partners, and Intel Capital, alongside N-Ventures
00:33and Bezos Expeditions. Samsung and Gates Frontier had previously invested in the company.
00:39Field AI's funding comes amid a surge in robotics investment, with Gecko Robotics recently raising
00:45$125 million to exceed a $1 billion valuation. Agha said Field AI added over 100 jobs in recent
00:52months to meet rising customer demand and tackle labor shortages and safety needs.
00:57For all things money, visit Benzinga.com.
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