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Jeff Bezos, Microsoft, NVIDIA invest in humanoid robot startup

Written by Tue 27 Feb 2024

Amazon founder Jeff Bezos, NVIDIA, OpenAI, and Microsoft have said they will invest in humanoid robot startup Figure AI.

Bloomberg reported Figure AI is raising around £532 million ($675 million) in a funding round, which values the company at £1.5 billion ($2 billion) before the new investment.

Bezos’ Explore Investments LLC has pledged £78.8 million ($100 million), Microsoft has invested £74.8 million ($95 million), and NVIDIA and an Amazon-related fund have contributed £39.4 million ($50 million) each.

The report added OpenAI, which at one point considered acquiring Figure, is investing £3.9 million ($5 million).

Intel’s venture capital arm, LG Innotek, Samsung’s investment group, Parkway Venture Capital, and Align Ventures are backers. ARK Venture Fund, Aliya Capital Partners, and Tamarack, are also backing Figure AI.

Figure AI to Develop Humanoid Robot

Last year, Figure AI raised £55 million ($70 million) from investors led by Parkway Venture Capital in its first external round. The new funding was intended to be used to accelerate the development and manufacturing of the company’s first autonomous humanoid.

“Our goal is to deploy autonomous humanoid workers to support us on a global scale … As we reach the upper limits of our production capability, humanoids will join the workforce with the ability to think, learn, and interact with their environment safely alongside us,” said Figure AI.

Founder and Chief Executive of Figure AI, Brett Adcock, distinguishes the company from others like Boston Dynamics and Amazon Robotics by focusing on developing robots capable of handling various tasks. The ultimate aim is for Figure AI’s robots to learn and interact with their environment.

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Written by Tue 27 Feb 2024

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