The media, citing informed sources, published information according to which the robotics startup Figure AI is currently negotiating to raise financing for $1.5 billion which will increase the valuation of this brand to $39.5 billion.
The planned funding round is expected to be led by Parkway Venture Capital. In this case, a Series C funding round is implied. The relevant information was provided by an informant of the media representatives.
Currently, major technology companies, including Meta Platforms, Nvidia, Tesla, and various startups are striving to develop humanoid robots. Relevant efforts have intensified against the background of advances in the artificial intelligence industry. AI is expected to become a kind of driving force behind a new phase of the evolution of the area of robotics. Artificial intelligence can accelerate the implementation of many processes in the mentioned functional segment of the global technology sector. AI is also expected to contribute to the intensification of automation.
Many companies are betting on humanoid robots as a potential means to solve the problem of labor shortages. Robots are also expected to perform repetitive tasks that can be dangerous or tedious. In this case, the main potential use cases are focused on logistics, warehousing, and manufacturing.
Figure AI counts the BMW automaker as a customer. Last year, the startup, headquartered in Sunnyvale, California, announced that it had raised $675 million in a funding round involving OpenAI, Nvidia, Microsoft, and Amazon.com founder Jeff Bezos.
Figure AI’s founder and chief executive officer Brett Adcock said last week that the startup had exited its collaboration agreement with OpenAI, citing an internal breakthrough in artificial intelligence for robots. He noted that the brand’s AI models are built entirely in-house, making external partnerships not just cumbersome but ultimately irrelevant to its success.
As we have reported earlier, Apptronik Raises $350 Million.
