연합뉴스1 hour agoBusiness2 min readSouth Korea

Hyundai Motor Group-invested startup Field AI achieves $10 billion in corporate value, quintupling in one year

Quick Look

It was reported that the corporate value of Field AI, an American startup invested by Hyundai Motor Group, increased five-fold from $2 billion in August last year to $10 billion in a recent investment round.
The family office of Amazon founder Jeff Bezos, Emerson Collective, founded by Lauryn Powell Jobs, the wife of the late Steve Jobs, and Khosla Ventures participated in the investment, and as funds are flowing into the real AI field, the struggle for leadership with rival companies continues.

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Why It Matters

Hyundai Motor Group is making strategic investments in American startups to secure future mobility technology, and Field AI is a startup developing general-purpose robot brain technology.

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Jumps from $2 billion to $10 billion... Bezos, Lorin Powell Jobs, and Khosla also invested

(San Francisco = Yonhap News) Correspondent Kwon Young-jeon = The corporate value of Field AI, an American (physical AI) software startup invested by Hyundai Motor Group, has increased fivefold in just one year.

U.S. economic media Business Insider reported on the 2nd (local time), citing sources, that Field AI is attracting $700 million in new investment with a corporate value of $10 billion (approximately 13.4 trillion won) in a recent investment round.

This is five times the corporate value of $2 billion, which was recognized by raising $400 million in August last year.

However, the source said that the final investment agreement has not yet been signed.

Performance is also going smoothly, with sales of $35 million added since last June.

Accordingly, cumulative sales since establishment in 2023 have reached $135 million.

Field AI is a company that develops a general-purpose ‘robot brain’ that is mounted on various robots, from humanoid robots (humanoids) to drones.

The company is also continuing its partnership with Hyundai Motor Group, with the 'Field Foundation Model' (FFM) installed in 'Spot', a robot dog developed by Boston Dynamics.

Earlier this year, it became known that Hyundai Motor Group invested millions of dollars.

Amazon founder Jeff Bezos' family office (family asset management company), Emerson Collective founded by Lauryn Powell Jobs, the wife of the late Steve Jobs, and Khosla Ventures, a famous Silicon Valley investment firm, have also invested in this company.

Recently, in the startup investment industry, funds are flowing into the 'real AI' field, which goes beyond chatbots and applies AI technology to the real world, such as robots.

The battle for leadership with competing companies continues, with physical intelligence recognized as having a corporate value of $11 billion and Skilled AI valued at $14 billion.

What to Watch

AI outlook — possibilities, not facts

Field AI has signed a final investment agreement and will accelerate further technology development.
Likely · Within months
Hyundai Motor Group will accelerate integration of autonomous driving and robotics technology through cooperation with Field AI
Possible · Within years

Open Questions

When is the final investment agreement concluded?
What is Field AI’s actual sales composition and profit model?
What are the technological differences from competing companies, Physical Intelligence and Skilled AI?

Hyundai Motor Group-invested startup Field AI achieves $10 billion in corporate value, quintupling in one year

Quick Look

It was reported that the corporate value of Field AI, an American startup invested by Hyundai Motor Group, increased five-fold from $2 billion in August last year to $10 billion in a recent investment round.
The family office of Amazon founder Jeff Bezos, Emerson Collective, founded by Lauryn Powell Jobs, the wife of the late Steve Jobs, and Khosla Ventures participated in the investment, and as funds are flowing into the real AI field, the struggle for leadership with rival companies continues.