Figure AI raises $675M
Figure AI closed a $675 million funding round led by Jeff Bezos with Microsoft and Nvidia as co‑investors — one of the largest single investments in humanoid robotics and a clear signal investors expect commercial deployment soon. The company says it’s targeting logistics, manufacturing and services with bipedal robots built for manipulation and mobility, accelerating the “embodied AI” race. (memesita.com)
Figure’s fundraising pushed a post‑money valuation to about $2.6 billion, according to the company’s Feb. 29, 2024 announcement. (prnewswire.com) Bloomberg reported the round carried a roughly $2.0 billion pre‑money valuation, a jump from an estimated $400 million valuation in May 2023. (bloomberg.com) Figure signed a collaboration agreement with OpenAI as part of its capital round, a deal the company says will help integrate large AI models into robot behaviors. (prnewswire.com) The company’s second‑generation platform, Figure 02, includes hands with ~16 degrees of freedom, six RGB cameras and a marked “Max 25 kg (≈55 lb)” capacity on hand closeups—specs Figure uses to argue industrial readiness. (cnet.com) Figure reported on‑robot compute upgrades (NVIDIA‑class modules) and has begun shipping Figure 02 units to commercial customers for site integration and predeployment checks. (techsoft-robots.com) Logistics and manufacturing pilots are already in discussion—press coverage has flagged talks about warehouse tests with UPS and existing commercial ties such as BMW Manufacturing cited by the company. (finance.yahoo.com)
