The business Figure AI, which specializes in building robots that resemble humans, is receiving significant funding from major tech companies like Microsoft, Nvidia, and Amazon. According to Bloomberg, the company is valued at roughly $2 billion and is now seeking approximately $675 million in finance. OpenAI is also supporting the venture.
The article states that Microsoft is contributing $95 million, and Jeff Bezos has contributed $100 million through his company Explore Investments LLC. $50 million apiece from Nvidia and an Amazon-affiliated fund are going toward the effort. Investor interest in artificial intelligence firms has increased as a result of the popularity of OpenAI’s ChatGPT, a chatbot that was introduced in November 2022 and has gained a lot of traction.
OpenAI decided to invest $5 million in Figure in spite of previous acquisition thoughts. Numerous other investors support the company, such as Samsung’s investment group, LG Innotek, Intel’s venture capital division, and the venture firms Parkway Venture Capital and Align Ventures.
Moreover, the contributions made by Tamarack, Aliya Capital Partners, and ARK Venture Fund highlight the widespread interest that investors have in Figure AI. Major businesses like Amazon, Nvidia, Microsoft, and Intel, however, stayed silent when pressed for comment, and Figure AI and other organizations referenced in the study did not immediately respond to Reuters’ questions.
With its headquarters located in Sunnyvale, California, Figure AI has been making progress in creating adaptable humanoid robots that can operate in a variety of settings and carry out a wide range of jobs, such as retail and warehousing duties. The firm raised $70 million in its first external fundraising round last year, with Parkway Venture Capital leading the effort. This shows early support for the company’s creative use of robotics technology.
