Field AI Snags $700M Term Sheet for Robotics

Plus: Waymo secures $5B loan; Oxide Computer raises $445M

October 13, 2026

Here are the key insights for the last week of Mavka Report coverage:

  • Physical AI: Industrial robotics developer RobCo closed a $40M secondary share sale at a $1B valuation.
  • Data Centers & IT Services: Cybersecurity provider Netsec raised €8.9M ($9.8M) in equity funding to expand its automated endpoint management platform.
  • Smart Mobility: Dot Ai completed a $65M all-stock acquisition of Envoy Technologies to expand shared EV fleet management.
  • Energy Transition: Reclinker announced a £10M ($13M) Series A round to scale low-carbon cement production using electric arc furnaces.
  • Proptech: Automated underwriting platform Vesta secured $30M in Series B financing to expand mortgage lender closing workflows.
  • Aerospace & Defense: Buntar Aerospace closed a $16M round to scale software-driven reconnaissance drone manufacturing for international markets.

Physical AI

Field AI Secures $700M Term Sheet for $10B Valuation
Robotics startup Field AI signed a $700 million term sheet at a $10 billion valuation for foundation models.
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Mecka Secures $60M Series B for Physical Robot Motion
Sequoia Capital led a $60 million Series B round for Mecka to expand physical robot data infrastructure.
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Ultra Robotics Raises $50M Series A for Warehouse Automation
Warehouse automation provider Ultra Robotics secured $50 million in Series A funding to scale manufacturing and leasing operations.
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RobCo Closes $40M Liquidity Deal at $1B Valuation
Industrial robotics developer RobCo closed a $40 million secondary share sale at a $1 billion valuation.
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Data Centers & IT Services

LS Power Secures $6B Infrastructure Fund VI Deal
Energy investor LS Power closed its $6 billion Fund VI, allocating $1.7 billion for natural gas power plants.
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SWI Group Secures €800M ($894M) Transatlantic Infrastructure Capital
SWI Group secured an €800 million capital increase to convert facilities into AI data centers.
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Oxide Computer Secures $445M Series D Funding Round
Eclipse led a $445 million Series D investment in Oxide Computer Company to scale rack-scale compute infrastructure.
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Netsec Raises €8.9M ($9.8M) AI IT Services Expansion Round
Cybersecurity provider Netsec raised €8.9 million in equity funding to expand AI-native cybersecurity and managed IT services.
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Smart Mobility

Waymo Closes $5B Term Loan for Robotaxi Fleet Expansion
Autonomous vehicle firm Waymo secured a $5 billion term loan facility to accelerate fleet expansion.
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Parallel Systems Secures $100M Series C
Parallel Systems raised $100 million in Series C funding to scale battery-electric autonomous railcars across rail networks.
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Dot Ai Acquires Envoy Technologies for $65M
Dot Ai completed a $65 million all-stock acquisition of Envoy Technologies to expand shared EV fleet management.
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Energy Transition

Grenergy Secures $460M Debt Financing Package
Grenergy secured $460 million in project financing to build 446 megawatts of solar capacity in Chile.
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Type One Energy Raises $200M Series B
Breakthrough Energy Ventures led a $200 million Series B round for Type One Energy's prototype power plants.
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Reclinker Raises £10M ($13M) Series A Round
Reclinker announced a £10 million Series A round to scale low-carbon cement production using electric arc furnaces.
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PropTech

Valon Raises $150M Series D for Mortgage Software Platform
Mortgage software developer Valon Technologies raised $150 million in Series D funding at a $2.3 billion valuation.
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Mortgage Platform Vesta Closes $30M Series B
Automated underwriting platform Vesta secured $30 million in Series B financing to expand mortgage lender closing workflows.
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Aerospace & Defense

Isar Aerospace Secures €270M ($307M) Series D Launch Capital
Sovereign launch provider Isar Aerospace raised €270 million in Series D funding to expand rocket manufacturing.
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Furientis Raises $25M Seed for Low-Cost Interceptors
Benchmark led a $25 million seed round for Furientis to mass-produce low-cost missile interceptors.
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Buntar Aerospace Collects $16M or Reconnaissance Drones
Buntar Aerospace closed a $16 million round to scale software-driven reconnaissance drone manufacturing for international markets.
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Vitaly M. Golomb

CEO & Managing Partner

AI, Robotics, Mobility, Energy Transition

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