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$675 Million Raised For Robotics Figure Startup At Its Latest Funding Round

magazineafrique by magazineafrique
March 1, 2024
in Technology
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A heavy funding round from Nvidia, Microsoft and Amazon has raised Robotics startup Figure $675 million. The figure came out to say this on Thursday.

A California-based Figure, Sunnyvale has also come out to say it has signed a mutual deal with Open AI to develop generative AI for its humanoid robots.

ChatGPT by Open AI has brought about a lot of heavy interest in Artificial Intelligence.

Open AI Startup Fund, Amazon Industrial Innovation Fund, Parkway Venture Capital, Intel Capital, Align Ventures and ARK invest also took part in the funding round of the Robotics figure.

Robotics
Credit: Figure AI

As a result of the large funding the company got, Robotic Figure’s founder, Brett Adcock has come out to say the figure will use the money to expand robotic language models, boost manufacturing and also employ more gifted hands.

The founder further went on to say the figure will undergo AI training at Microsoft Azure.

According to Adcock, Open AI’s latest GPT will be used in developing the figure AI models and it will concentrated undergo robotic training. This will make the humanoid robots to perform human activities.

Peter Welinder, vice president of product and partnerships at OpenAI said the Artificial Intelligence company had always have robotics in mind and the AI company see an opportunity in the Figure.

“We’ve always planned to come back to robotics and we see a path with Figure to explore what humanoid robots can achieve when powered by highly capable multimodal models,”

Peter said

In addition, Tesla CEO, Elon Musk had projected 1 billion humanoid robota on Earth in the next 2 decades. He also unleashed his new humanoid Optimus Gen in works.

The humanoid robots have revived interest among powerful investors because AI in humanoid shows how possible robots can seamlessly work with humans.

It was first revealed by Bloomberg last week the amount these tech giants raised for the figure. Bezos raised $100 million via his Explore Investments firm, Microsoft went with $95 million, as Nvidia and Amazon gave out $50 million each

Four weeks back, the Figure had signed a deal with BMW to use its robots at the BMW’s facility in the U.S.

It was also funded by Parkway Venture with $70 million during its first funding round last year.

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