AI startup Figure, which specializes in creating general-purpose humanoid robots, has secured $70 million in its first external funding round. The investment was led by Parkway Venture Capital, according to a Reuters report. The funds will be used to speed up the development and production of Figure's first autonomous humanoid, which is expected to be launched in a few months.
Although the company's valuation was not officially disclosed, an anonymous source estimated it to be over $400 million. This significant investment indicates a strong interest and confidence in the potential of humanoid robotics.
Key takeaways:
Figure, an AI startup that builds humanoid robots, has raised $70 million in its first external funding round.
The funding round was led by Parkway Venture Capital.
The funds will be used to accelerate the development and manufacturing of Figure's first autonomous humanoid, which is expected to launch in a few months.
While the company's valuation was not disclosed, it is estimated to be over $400 million.
