| Sunnyvale, Calif.-based AI startup Figure raised $70M in fresh funding to develop its first humanoid robot, dubbed Figure 01. The robot is intended to alleviate labor shortages, replace people in
dangerous tasks, and assist the global supply chain. CEO Brett Adcock
said, "We believe that the structured, repetitive, and often dangerous
tasks in warehouses are a great potential first application." - Adcock founded the startup in 2022 and has former employees from Boston Dynamics, Tesla, and Google's moonshot research lab.
- The startup currently has a team strength of 50 employees.
- Figure intends to offer its robots through a subscription service.
- The startup aims to demonstrate its humanoid robot in warehouses within a year.
- Figure is targeting a pilot trial with one or two clients within the next two years.
- Parkway
Venture Capital led the current round with participation from Aliya
Capital, Bold Ventures, Tamarack Global, and FJ Labs.
- Robotics and drone startups secured $5.73B in venture capital in 2022.
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