2024-02-25 08:20:38
AI company Figure has raised regarding $675 million with a preliminary valuation of $2 billion, reports Bloomberg with reference to sources.
Billionaire Jeff Bezos invested $100 million through his own company, Explore Investments. Microsoft provided $95 million, Nvidia and an Amazon affiliated fund – $50 million each, Intel – $25 million, LG – $8.5 million, Samsung – $5 million, OpenAI – $5 million.
Other investors include venture capital firms Parkway Venture Capital ($100 million), Align Ventures ($90 million) and Aliya Capital Partners ($20 million), as well as Tamarack ($27 million), Boscolo Intervest ($15 million), BOLD Capital Partners ($2. 5 million) and ARK ($2.5 million).
The company is developing a humanoid robot, Figure 01, which will be able to perform dangerous work instead of people and solve the problem of labor shortages.
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Meet Figure 01 pic.twitter.com/mQa2b59Vju
— Figure (@Figure_robot) October 18, 2023
The funding round kicked off with Microsoft and OpenAI as lead investors. Their support helped attract funds from other large companies. Figure initially asked for $500 million.
AI-startup in May 2023 attracted $70 million with an estimate of $400 million.
Let us recall that in December Tesla developed a new prototype of the Tesla Optimus humanoid robot, which is lighter and faster than previous versions.
In January 2024, 1X, a company focused on artificial intelligence and robotics, raised $100 million. The main product of the project is androids that “serve the good of society and satisfy the global demand for labor.”
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