Figure AI, a pioneering startup in human-like robotics, is on the verge of raising $675 million in funding, with a pre-money valuation of approximately $2 billion. Notable investors include Jeff Bezos’ Explore Investments, Microsoft, Nvidia , and an Amazon-affiliated fund. Other backers encompass prominent names such as Intel, LG Innotek, Samsung investment group, Parkway Venture Capital, and more.
Formal agreements, slated to be signed on February 26, involve OpenAI among the investors. The primary objective of Figure AI is to create Figure 01, a humanoid robot designed for hazardous tasks, addressing labor shortages across various industries.
This funding round follows a previous one, where Figure AI raised $70 million, focusing on testing early warehouse solutions. The company envisions applications in manufacturing, shipping, logistics, warehousing, and retail, aiming to deploy humanoids into the workforce.
Figure AI’s CEO, Brett Adcock, emphasized the potential of humanoid robots in structured, repetitive, and perilous warehouse tasks. This development aligns with the broader trend in the AI robotics industry, with companies like 1X Technologies, Sanctuary AI, Tesla, and Agility Robotics also making strides.
The funding injection supports the evolution of humanoid robotic devices tailored for warehouse tasks, providing a competitive edge for firms navigating the shift towards autonomy without major infrastructure overhauls. Figure AI’s approach optimizes efficiency in human spaces, contributing to a seamless integration of robotic solutions in the evolving landscape.
