Figure AI develops human-like robots powered by artificial intelligence. It raised around $675 million in a recent funding round, with Amazon founder Jeff Bezos and Nvidia investing.
Show me the money: A massive funding round in an AI startup signaled a surge in investor interest in humanoid robots in the wake of the ChatGPT frenzy. The company aims to spearhead a new wave of capable manufacturing robots with backing from Big Tech that could alleviate labor shortages and workplace safety issues.
Figure AI develops human-like robots powered by artificial intelligence. It raised around $675 million in a recent funding round, with Amazon founder Jeff Bezos and Nvidia investing heavily. Bloomberg sources note that the massive capital injection boosted the startup’s value to roughly $2 billion pre-money.
The cash infusion comes from a who’s-who list of Big Tech firms and investors, including Amazon, Nvidia, Microsoft, Intel’s venture capital division, and Explore Investments – a venture firm owned by Amazon founder Jeff Bezos. Explore committed the highest figure, $100 million, while Microsoft and Amazon put in $95 million and $50 million, respectively.
