Figure
Canvas Category Machinery : Industrial Robot : Humanoid
Expand human capabilities through advanced AI. The most meaningful impact can come from dedicating our resources to developing technologies. In the coming age we will see great advancements in Artificial Intelligence (AI) and Robotics, and by contributing in the early stages, we can set the course for a positive AI future for humanity. Hence the goal of Figure: to develop general purpose humanoids that make a positive impact on humanity and create a better life for future generations. These robots can eliminate the need for unsafe and undesirable jobs — ultimately allowing us to live happier, more purposeful lives. Our company journey will take decades — and require a championship team dedicated to the mission, billions of dollars invested, and engineering innovation to achieve a mass-market impact. We face high risk and extremely low chances of success. However, if we are successful, we have the potential to positively impact humanity and to build the largest company on the planet.
Assembly Line
🏴 Figure Raises $675M for Its Humanoid Robot Development
Figure is announcing an astonishing US $675 million Series B raise, which values the company at an even more astonishing $2.6 billion. Figure is one of the companies working toward a multipurpose or general-purpose (depending on whom you ask) bipedal or humanoid (depending on whom you ask) robot. The astonishing thing about this valuation is that Figure’s robot is still very much in the development phase—although they’re making rapid progress, which they demonstrate in a new video posted this week.
This round of funding comes from Microsoft, OpenAI Startup Fund, Nvidia, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. Figure says that they’re going to use this new capital “for scaling up AI training, robot manufacturing, expanding engineering head count, and advancing commercial deployment efforts.” In addition, Figure and OpenAI will be collaborating on the development of “next-generation AI models for humanoid robots” which will “help accelerate Figure’s commercial timeline by enhancing the capabilities of humanoid robots to process and reason from language.
Figure Humanoid Bot CEO Brett Adcock TESLA Competitor?
Figure announces commercial agreement with BMW Manufacturing to bring general purpose robots into automotive production
Figure, a California-based company developing autonomous humanoid robots, announced that it has signed a commercial agreement with BMW Manufacturing Co., LLC to deploy general purpose robots in automotive manufacturing environments.
Under the agreement, BMW Manufacturing and Figure will pursue a milestone-based approach. In the first phase, Figure will identify initial use cases to apply the Figure robots in automotive production. Once the first phase has been completed, the Figure robots will begin staged deployment at BMW’s manufacturing facility in Spartanburg, South Carolina.