Figure, a Sunnyvale, CA-based AI robotics company building general purpose humanoid robots, raised $70M in Series A funding.
The round was led by Parkway Venture Capital with participation from Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and KUKA Robotics CEO Till Reuter.
The company intends to use the funds to accelerate the development of Figure 01 (its autonomous humanoid robot), build out its AI data pipeline for autonomous operations, and drive towards commercialization.
Led by Brett Adcock, Founder and CEO, Figure is developing autonomous general purpose humanoid robots which are designed for initial deployment into the workforce to address labor shortages, jobs that are undesirable or unsafe, and to support supply chain on a global scale.
In the last twelve months, Figure
- Brought on industry leading robotics experts such as Dr. Jerry Pratt as Figure’s CTO.
- Scaled an organization of 50 employees with Humanoid and AI experience spanning disciplines of AI, Manipulation, Perception, Robot Controls, Software, Electrical, and Mechanical Engineering.
- Completed the build, integration, and testing of the alpha prototype of Figure 01.
- Defined commercialization efforts for its first applications in industries where labor shortages are the most severe, such as manufacturing, shipping and logistics, warehousing, and retail.
FinSMEs
24/05/2023