Figure raises $675M to add Ai to Robots

February 29TH, 2024

Figure, a California based robotics company announced a $675M raise backed by Microsoft, OpenAI Startup Fund, NVIDIA, Amazon Industrial Innovation Fund, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest.

Figures total valuation is now estimated at $2.6B.

In addition, OpenAI & Figure signed a collaboration agreement to develop next generation AI models for humanoid robots The collaboration aims to help accelerate Figure’s commercial timeline by enhancing the capabilities of humanoid robots to process and reason from language.

Figure’s CEO Brett Adcock announced on twitter that they will be using this investment to ramp up Figure’s timeline for humanoid commercial deployment and will be used for: - AI training - Manufacturing - Deploying more robots - Expanding engineering headcount - Advancing commercial deployment efforts

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