OpenAI and Microsoft focus on robotics with Figure AI deal

Silicon Republic March 1, 2024
Leigh Mc Gowran

Figure AI has raised $675m at a $2.6bn valuation and has entered into partnerships with OpenAI and Microsoft to roll out its humanoid robots.

Figure AI, a start-up focused on humanoid robotics, has seen its valuation and notoriety surge following a massive funding round backed by several tech giants.

The $675m Series B funding round included participation from Microsoft, OpenAI, Nvidia, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures and ARK Invest. Figure AI raised the funds at a $2.6bn valuation.

The start-up was founded less than two years ago and is focused on developing autonomous, general purpose humanoid robots. The company said its initial focus is on addressing labour shortages.

Figure AI said its robots...

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