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Figure Robotics Lands $675 Million For Humanoid Robots

February 29, 2024
x min read

A humanoid robot powered by artificial intelligence is getting closer than ever to becoming a reality.

What’s happening:

  • Figure Robotics has raised $675M USD in a new Series B financing round to advance the development of their humanoid robotics
  • The round saw participation from multiple technology giants including Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT)

Why it matters:

  • Figure is one of the leading companies developing humanoid robotics that are capable of performing manual labour and replacing human beings in highly dangerous operations that often lead to injuries

Going deeper:

  • Figure also announced they have entered into an official collaboration with OpenAI to develop generative artificial intelligence for humanoid robots
  • Figure is aiming to be one of the first robotics companies to build large language models for robotics that leverage artificial intelligence for rapid learning
  • Automaker BMW previously entered into a partnership with Figure to deploy their robotics into BMW manufacturing facilities

The intrigue:

  • Amazon founder Jeff Bezos also participated in the recent funding round

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