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Report: Figure AI to Raise $675 Million for Human-Like Robots
PYMNTS.com February 23, 2024
Figure AI, a startup developing human-like robots, is reportedly in the process of raising $675 million in funding, with a pre-money valuation of roughly $2 billion.
Among the investors are Jeff Bezos’ Explore Investments, Microsoft, Nvidia and an Amazon-affiliated fund, Bloomberg reported Friday (Feb. 23), citing unnamed sources.
Other backers include Intel’s venture capital arm, LG Innotek, Samsung’s investment group, Parkway Venture Capital, Align Ventures, ARK Venture Fund, Aliya Capital Partners, Tamarack, Boscolo Intervest and BOLD Capital Partners, according to the report.
Another investor is OpenAI, which once considered acquiring Figure AI, the report said.
Formal agreements are expected to be signed Monday (Feb. 26), though the numbers could change, per the report.
Figure AI did not immediately...
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