Figure AI Soars to $2.6B Valuation with Major Tech Backing
In a landmark funding round, humanoid robotics startup Figure has secured $675 million in Series B financing, catapulting its valuation to $2.6 billion. The investment signals growing confidence in AI-powered robotics and positions Figure among the most promising players in the industry.
A Stellar Investor Lineup
The funding round attracted an impressive roster of tech heavyweights:
- Microsoft
- OpenAI Startup Fund
- Nvidia
- Amazon Industrial Innovation Fund
- Jeff Bezos (via Bezos Expeditions)
- Intel Capital
- ARK Invest
This substantial investment comes despite Figure’s relatively small 80-person team, a number expected to grow significantly with this capital infusion.
From Bootstrapping to Billion-Dollar Valuation
Founder Brett Adcock, a serial entrepreneur, initially bootstrapped Figure with $100 million of personal capital. The company previously raised $70 million in a Series A round last May.
Figure’s rapid ascent mirrors the current humanoid robotics boom, with compe*****s like Tesla, Apptronik, and 1X also making strides. Amazon has already begun piloting Agility’s Digit robots in warehouse operations.
Technical Milestones & Industry Focus
Since its 2022 launch, Figure has:
- Achieved its goal of creating a walking bipedal robot within one year
- Demonstrated 16.7% human-equivalent speed in task execution
- Prioritized industrial applications over consumer markets
The company has constructed demo spaces resembling warehouses and factories, highlighting its commercial focus. Corporations represent a more viable first market due to:
- Higher budget tolerance for productivity tools
- Repetitive tasks ideal for automation
- Clear ROI potential
The OpenAI Partnership: A Game Changer
Figure’s collaboration with OpenAI aims to:
- Develop next-gen AI models for humanoid robots
- Enhance natural language processing for human-robot interaction
- Accelerate commercial deployment timelines
“We see a path with Figure to explore what humanoid robots can achieve when powered by highly capable multimodal models,” stated Peter Welinder, OpenAI VP.
Interestingly, OpenAI also backs compe***** 1X, suggesting a strategy of broad industry engagement.
Microsoft & Cloud Infrastructure
Microsoft’s involvement brings Azure AI infrastructure to support Figure’s:
- Data storage
- Model training
- Deployment scaling
“Figure will have access to Microsoft’s AI infrastructure to support the deployment of humanoid robots,” confirmed Jon Tinter, Microsoft Corporate VP.
The Road Ahead
With fresh capital, Figure plans to:
- Accelerate go-to-market strategy
- Expand its BMW partnership for robotics deployment
- Continue improving autonomy and dexterity
While challenges remain in achieving true general-purpose robotics, Figure’s progress and backing from tech leaders position it as a frontrunner in the humanoid automation race.
Image Credits: Figure
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