Figure, a Sunnyvale, CA-based AI robotics company building general purpose humanoid robots, raised $9M in Equity Investment from Intel Capital.
Intel Capital’s investment is in addition to Figure’s Series A funding round. It is joining other investors such as Parkway Venture Capital, Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and former KUKA Robotics CEO Till Reuter.
The company intends to use the funds to strengthen its balance sheet and accelerate the development of Figure 01, its autonomous humanoid robot, build out its AI data pipeline for autonomous operations, and drive commercialization.
Led by CEO Brett Adcock, Figure is an AI robotics company developing autonomous general purpose humanoid robots. Its Humanoid is 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.
Figure has a team of 50 employees.
FinSMEs
17/07/2023