Figure, an artificial intelligence (AI) Robotics company that aims to build general purpose humanoid robots, has announced that it has raised US$70m (£56.6m) in a Series A funding round.
According to a company statement, the new funding will be used to accelerate the development of Figure 01, the firm’s flagship autonomous humanoid robot.
Other key aims for the financing include developing Figure’s AI data pipeline for autonomous operations, and drive towards commercialisation.
This round was led by Parkway Venture Capital and joined by participating investments from Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and KUKA Robotics CEO Till Reuter.
Some of the company’s broader ambitions for the bots include deployment into the workforce to address labour shortages and to support supply chain on a global scale.
“Figure’s near-term goal is to deploy humanoids into the workforce, and we believe that the structured, repetitive, and often dangerous tasks in warehouses are a great potential first application,” said Brett Adcock, founder and CEO of Figure.
“This investment round will support the testing of early warehouse solutions and gives us the ability to move and iterate quickly ahead of commercial operations.
“I look forward to growing this strategic partnership with Parkway and all participating investors to support the success of Figure.”