AXIOS February 29, 2024
Humanoid robot startup Figure has drawn a $675 million investment from Jeff Bezos, AI chipmaker Nvidia, ChatGPT-maker OpenAI and others.
Why it matters: Bipedal robots with dexterous hands are joining the labor force this year, a trend that’s expected to gain steam.
Driving the news: The infusion of capital for Figure, a Silicon Valley startup founded by “flying taxi” pioneer Brett Adcock, gives it a valuation of $2.6 billion.
- Investors include Microsoft, the OpenAI Startup Fund, Nvidia, the Amazon Industrial Innovation Fund and Jeff Bezos (through Bezos Expeditions).
- Others include Parkway Venture Capital, Intel Capital, Align Ventures and ARK Invest.
- The $675 million Series B funding round “will accelerate Figure’s timeline for humanoid commercial deployment,” the company said in...
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