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Figure's $675M Series B Rockets Valuation

The Bay Area-based robotics pioneer unveiled a jaw-dropping $675 million Series B round
March 1, 2024

In a seismic shift within the robotics landscape, Figure has officially confirmed rumors that it's been amassing a financial war chest of epic proportions. The Bay Area-based firm, synonymous with innovation in humanoid robotics, has announced a monumental $675 million Series B funding round, catapulting its valuation to a formidable $2.6 billion post-money.

This investment extravaganza, akin to a financial thunderclap, showcases the industry's unwavering confidence in Figure's vision and technological prowess. Among the constellation of backers illuminating this funding constellation are tech titans Microsoft, Nvidia, and Amazon, alongside luminaries like Jeff Bezos and investment heavyweights Parkway Venture Capital and ARK Invest .

Founder Brett Adcock's audacious foray into robotics began with a personal injection of $100 million, a testament to his unwavering belief in Figure's potential. Since its inception, Figure has been on an upward trajectory, securing $70 million in Series A funding last May, laying a sturdy foundation for its meteoric rise.

While Figure's ambitions may have seemed lofty upon its 2022 launch, the company has consistently delivered on its promises, recently achieving the remarkable feat of developing a walking bipedal robot within the stipulated timeframe. The company's commitment to innovation and technological advancement has garnered widespread acclaim, cementing its status as a leading light in the burgeoning field of humanoid robotics.

The partnership forged with generative AI pioneer OpenAI marks another milestone in Figure's journey, heralding the dawn of a new era in human-robot interaction. By harnessing the transformative power of AI, Figure seeks to redefine the boundaries of robotics, creating more intuitive and seamless interfaces for human-robot collaboration.

As Figure embarks on the next phase of its journey, armed with an unprecedented influx of capital, the possibilities are limitless. With strategic partnerships, groundbreaking innovations, and a steadfast commitment to excellence, Figure is poised to reshape the future of robotics, one groundbreaking invention at a time.

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