Figure Secures $675M in Series B Funding for Advancing Humanoid Robotics

Figure Secures $675M in Series B Funding for Advancing Humanoid Robotics

Figure Ssecures $675M in series B funding for advancing Humanoid Robotics. Figure, an AI robotics company based in Sunnyvale, California, has successfully raised $675 million in Series B funding, reaching a valuation of $2.6 billion. This substantial investment, backed by prominent names such as Microsoft, OpenAI Startup Fund, NVIDIA, and Jeff Bezos, among others, marks a significant milestone for the company’s mission to advance humanoid robotics technology.

About Figure AI

Figure is an AI robotics company specializing in autonomous general-purpose humanoid robots. Founded 21 months ago, the Sunnyvale-based company boasts a team of 80 employees dedicated to revolutionizing the workforce by addressing labor shortages and enhancing safety and efficiency in various industries through innovative robotics solutions.

Collaboration with OpenAI

In a strategic move, Figure has forged a collaboration with OpenAI to develop advanced AI models tailored for humanoid robots. By combining OpenAI’s expertise in AI research with Figure’s deep understanding of robotics hardware and software, the collaboration aims to propel the capabilities of humanoid robots to new heights, particularly in language processing and reasoning.

Peter Welinder, VP of Product and Partnerships at OpenAI, expressed excitement about the partnership, emphasizing the potential of humanoid robots powered by advanced multimodal models to revolutionize various aspects of daily life.

The Figure team comprises top AI robotics experts from renowned companies such as Boston Dynamics, Tesla, Google DeepMind, and Archer Aviation. Their collective efforts have yielded significant progress across AI development, robot testing, and commercialization, culminating in recent milestones such as a commercial agreement with BMW Manufacturing.

Microsoft Azure Partnership

Additionally, Figure will leverage Microsoft Azure’s AI infrastructure and services to expedite AI breakthroughs and facilitate the deployment of humanoid robots for real-world applications. Jon Tinter, Corporate Vice President of Business Development at Microsoft, expressed enthusiasm for the collaboration and its potential to drive transformative impacts.

Brett Adcock, Founder and CEO of Figure, reaffirmed the company’s vision to integrate humanoid robots into commercial operations swiftly. With the strong support of investors and partners who share their commitment to innovation, Figure is poised to lead the charge in bringing embodied AI into reality, thus revolutionizing various industries and addressing global challenges.

Our Perspective

With Qatalyst Partners providing strategic and financial guidance, Figure is poised to leverage its newfound resources and partnerships. This positions Figure to accelerate the development, manufacturing, and deployment of autonomous humanoid robots, shaping the future of robotics and AI.

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