TLDR:
- Investors like Amazon, Nvidia, and Microsoft are putting $675 million into humanoid robot startup FigureAI
- FigureAI plans to develop general-purpose robots for increased productivity and cost reduction
Investors, including big names like Amazon, Nvidia, and Microsoft, are coming together to invest a total of $675 million into humanoid robot startup FigureAI. The founder and CEO, Brett Adcock, believes that the potential of general-purpose robotics is untapped and that Figure’s robots will help companies increase productivity, reduce costs, and create a safer environment. Other investors in the startup include an Intel VC fund, LG Innotek, Samsung investment fund, Parkway Venture Capital, Align Ventures, ARK Venture Fund, Aliya Capital Partners, and Tamarack. FigureAI recently partnered with BMW to explore the use of robots in car manufacturing and the plan is to deploy Figure’s robots in BMW’s factory in Spartanburg, South Carolina. Elon Musk is also working on a similar project called Optimus.
