Figure AI Inc., a Sunnyvale, California-based startup developing humanoid-styled bipedal robots, said today it raised $625 million in new funding, increasing the company’s valuation to $2.6 billion.
The Series B round sees participation from technology investing giants, including Microsoft Corp., Open AI Startup Fund, Nvidia Corp., Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures and ARK Invest.
The funding follows a report from last month that the company was in talks to raise about $500 million led by Microsoft and OpenAI. The company previously raised $70 million led by Parkway Venture Capital in May.
Founded in 2022, Figure has a vision to disrupt the market for industrial robots by developing bipedal robots that can work in the same environments as humans can. Although humans already work alongside robots, many of them are purpose-built for specific roles and either fixed or made with tracks and wheels that make them less safe in spaces designed for people.
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