Figure Secures $675 Million for Humanoid Robotics, Teams Up with OpenAI for AI Model Development
In Brief
The innovative startup Figure has successfully closed a hefty $675 million in Series B funding, attracting investments from tech titans like Microsoft, Nvidia, and Jeff Bezos's venture arms.
Humanoid Robot startup Figure The company celebrated a remarkable achievement by raising $675 million in its recent Series B funding round, boosting its valuation to an impressive $2.6 billion. The funding was spearheaded by a coalition of leading industry players including Microsoft Nvidia, Jeff Bezos's Bezos Expeditions, and Intel Capital, among others.
Figure has recently made waves with its ambitious goals in the realm of advanced bipedal robotics technology.
As stated by Figure, this new influx of capital will be pivotal in enhancing AI training processes, ramping up robot production, broadening engineering initiatives, and advancing commercial applications. A significant chunk of these funds is earmarked for collaborations with OpenAI on the creation of next-generation AI models tailored for humanoid robots.
In 2022, the determined entrepreneur Brett Adcock propelled Figure into the limelight with a daring $100 million investment aimed at launching the company. Adcock envisioned the development of versatile humanoid robots within a single year.
Currently, with a robust team of 80, Figure consists of specialists hailing from groundbreaking companies, all working together to tackle labor shortages in demanding or dangerous job sectors with their humanoid achievement, Figure 01. Boston Dynamics Even though the company is still in its nascent stages, it exhibits promising signs of growth. With an impressive blend of AI expertise and robotic proficiency, alongside significant financial resources, Figure is set to quicken its journey toward becoming commercially viable.
While the pace of progress might appear slow at the moment, the company's unwavering dedication to innovation hints at a future where automated humanoid machines could transform various sectors. The recent funding boost signifies a major step forward in this transformative pursuit.
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In line with the Trust Project guidelines Victor serves as the Managing Tech Editor/Writer at Metaverse Post, specializing in topics related to artificial intelligence, cryptocurrency, data science, metaverse, and cybersecurity within corporate environments. With around five years of media and AI experience at respected publications such as VentureBeat, DatatechVibe, and Analytics India Magazine, plus his role as a Media Mentor at renowned institutions like Oxford and USC, along with a Master's degree in data science and analytics, Victor is dedicated to keeping his finger on the pulse of emerging trends.
