Robotics startup Field AI, backed by Bill Gates, has raised $405 million across two funding rounds, with investments from NVIDIA's venture capital arm and Amazon founder Jeff Bezos' family office.

Company founder and CEO Ali Agha stated in an interview that the funding comes at a "eureka moment" as software and hardware reach an inflection point.

"We are scaling," he said. "This funding announcement is in response to customer demand."

According to a source familiar with the matter, the latest funding round values the two-year-old startup at $2 billion. The source requested anonymity due to the confidential nature of the financial information.

Beyond NVentures and Bezos Expeditions, the funding round included investments from Khosla Ventures, Temasek, Canaan Partners, and Intel Capital. Samsung and Gates Frontier, the investment fund of Microsoft founder Gates, had previously invested in the company.

The Irvine, California-based company also announced that the funding round was oversubscribed. CEO Agha noted that most investors approached Field AI about investment opportunities.

Field AI's latest funding round comes during a busy period for robotics startups as companies seek to enhance their artificial intelligence offerings and improve efficiency.

The Field AI team includes former employees from DeepMind, SpaceX, Amazon, Tesla Autopilot, and NASA, who have developed models for controlling robots globally and work across multiple sectors including construction, energy, and logistics.

Agha explained that "easy transferability" across environments and limited client-side work help the company rapidly scale robotics deployment.

Having worked at NASA's Jet Propulsion Laboratory for nearly a decade specializing in robotic autonomy and physical artificial intelligence, Agha stated that Field AI has added over 100 positions in recent months to meet growing customer demand and address labor shortages and safety efficiency requirements.