Figure AI, based in Sunnyvale, California, is developing versatile humanoid robots capable of performing various tasks in different environments. The surge in interest in AI startups follows the success of OpenAI's ChatGPT, a popular chatbot launched in November 2022. Despite earlier acquisition considerations, OpenAI has chosen to invest $5 million in Figure AI. In its first external funding round last year, Figure AI raised $70 million, led by Parkway Venture Capital, showing early confidence in its innovative approach to robotics technology.
Key takeaways:
- Tech giants including Amazon, Nvidia, and Microsoft are investing in startup Figure AI, which is currently securing approximately $675 million in funding, valuing the company at around $2 billion.
- Jeff Bezos has committed $100 million through his firm Explore Investments LLC, Microsoft is investing $95 million, and Nvidia and an Amazon-related fund are each contributing $50 million.
- Figure AI, based in Sunnyvale, California, is developing versatile humanoid robots capable of navigating various environments and performing diverse tasks, from warehouse operations to retail functions.
- Despite earlier considerations of acquisition, OpenAI has chosen to invest $5 million in Figure AI, and the company's support is further strengthened by a range of other backers, including Intel's venture capital arm, LG Innotek, Samsung's investment group, and venture firms Parkway Venture Capital and Align Ventures.