Home » GROUND BREAKING NEWS: AI Robotics Firm “Figure” Raises $70 Million for Humanoid Robot Growth | by RoboTech | Jul, 2023

GROUND BREAKING NEWS: AI Robotics Firm “Figure” Raises $70 Million for Humanoid Robot Growth | by RoboTech | Jul, 2023

by Narnia
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Figure’s autonomous humanoid robotic, Figure 01, goals to revolutionize workforce and deal with labor shortages in warehouses and provide chains.

Photo by Pat Krupa on Unsplash

Figure, an AI Robotics firm, has secured $70 million in Series A funding to speed up the event of their autonomous humanoid robotic, Figure 01. The funding will bolster Figure’s AI knowledge pipeline for autonomous operations and drive the robotic towards commercialization. Led by Parkway Venture Capital, the funding spherical contains investments from distinguished entities comparable to Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ Labs, and KUKA Robotics CEO Till Reuter. This monetary enhance follows Figure’s current emergence from stealth mode.

As Figure emerges from stealth mode, it turns into evident that they’re dedicated to considerably impacting the labor market. Their imaginative and prescient entails deploying autonomous humanoid robots into numerous industries to deal with labor shortages and help world provide chains.

This endeavor has garnered substantial help from traders, together with Parkway Venture Capital and distinguished people like Brett Adcock and KUKA Robotics CEO Till Reuter.

Over the previous 12 months, Figure has made exceptional progress, attracting famend specialists in robotics, comparable to Dr. Jerry Pratt, who brings many years of expertise in humanoid robotics improvement.

Their staff now includes 50 gifted people with a collective expertise of over 100 years throughout disciplines like AI, Manipulation, Perception, Robot Controls, Software, Electrical, and Mechanical Engineering.

The current rent of Bob Klunk as Head of Warehouse Solutions additional reinforces Figure’s dedication to creating their humanoid robots a actuality in real-world functions. Bob’s intensive background in success operations, spanning greater than 20 years, makes him a priceless addition to the staff.

The Figure focuses on deploying humanoid robots in warehouse environments, the place structured, repetitive, and

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