Figure

History

2023: Raising $9 million in investments

On July 17, 2023, Figure, a startup specializing in the development of humanoid robots, announced an investment of $9 million from Intel Capital, an investment division of Intel Corporation.

Figure is engaged in the creation of general-purpose robots for various production sites and warehouses. One of the company's developments is the Figure 01 machine, which is said to combine human agility with advanced artificial intelligence for a wide range of tasks in various industries.

Manufacturer of humanoid robots for production and warehouses raised $9 million in investments

It is noted that the funds provided by Intel Capital are a noticeable addition to the $70 million received in May 2023 during the Series A funding round. This program was supported by Parkway Venture Capital, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs and former Kuka Robotics CEO Till Reuters (Till Reuter).

This investment, along with the global resources and expertise of the Intel team, will help accelerate Figure's growth and success, "said Brett Adcock, Founder and CEO of Figure.

Figure continues to improve the technologies behind the humanoid robot Figure 01. Financial support from Intel Capital will provide an opportunity to speed up this process. In addition, the startup will be able to organize new projects to develop and commercialize next-generation technologies for robotics.

Intel Capital is constantly looking for companies that push the boundaries of innovation, and we believe Figure can change the world's view of artificial intelligence. Figure's focus on improving the labor economy is integral to our future, and we look forward to being at the forefront of supporting humanoid development, "said Mark Lydon, managing director of Intel Capital.[1]

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