In a groundbreaking move for the robotics industry, Figure AI has secured a staggering $675 million in funding, propelling its mission to introduce commercially viable humanoid robots to new heights.
This latest investment, part of a Series B funding round, brings the company’s total raised capital to an impressive $754 million, elevating its valuation to $2.6 billion.
Founded in 2022 with headquarters in Sunnyvale, California, Figure AI is on a quest to develop humanoid robots that mimic human form and function.
Last month we demonstrated Figure 01 making coffee only using neural networks
— Figure (@Figure_robot) February 29, 2024
This is a fully learned, end-to-end visuomotor policy mapping onboard images to low level actions at 200hz
Next up: excited to push the boundaries on AI learning with OpenAIpic.twitter.com/DNAZWnaYK3
Their flagship creation, the Figure 01, is designed to be a versatile worker capable of assisting humans across various tasks and industries.
Partnering with industry giants like OpenAI, Microsoft, and Jeff Bezos through Bezos Expeditions, Figure AI has garnered attention for its innovative approach to robotics.
The company envisions a future where humanoid robots collaborate with humans, addressing labor shortages, boosting productivity, and tackling risky or repetitive jobs.
The recent funding round, led by Explore Investments backed by Jeff Bezos, underscores the confidence investors have in Figure AI’s technology.
Notable participants include tech heavyweights such as Microsoft and Nvidia, along with an Amazon-affiliated fund.
While the development of humanoid robots presents complex challenges, Figure AI remains at the forefront of the field, with its progress closely monitored by the tech industry and beyond.
The substantial investment signifies a vote of confidence in the company’s vision and its potential to reshape industries with cutting-edge robotics technology.