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Figure

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Figure
Private
ISIN🆔
IndustryRobotics
Founded 📆2022
Founder 👔Brett Adcock
Headquarters 🏙️, ,
Area served 🗺️
Key people
Brett Adcock (CEO), Jerry Pratt (CTO)
Members
Number of employees
🌐 Websitefigure.ai
📇 Address
📞 telephone

Figure is a California-based AI Robotics company that specializes in the development of general-purpose humanoids.[1] Founded by Brett Adcock in 2022, the company recently emerged from stealth mode and in May 2023 has closed a Series A funding round, securing $70 million[2] in investment. According to Adcock,[lower-alpha 1] this funding will be utilized to further advance the development of their humanoid model, known as “Figure 01”, enhance their AI data pipeline for autonomous operations, and drive the commercialization of their technology.[3][4][5][6][7][8][9][10][11]

The Series A funding round was led by Parkway Venture Capital, with significant participation from various investors, including Adcock himself,[lower-alpha 2] Aliya Capital, Bold Ventures, Tamarack Global, FJ labs, and Till Reuter, the CEO of KUKA Robotics. These partnerships aim to provide Figure with the necessary resources to expedite the deployment of Figure 01 into real-world applications and facilitate the company's growth.

While the public has yet to witness Figure 01 firsthand, early specifications indicate that this humanoid will stand at a height of 5 feet and 6 inches (approximately 167 cm) and weigh 60 kilograms. Figure 01 boasts a payload capacity of up to 20 kilograms, enabling it to carry significant loads. The primary objective behind Figure's humanoid development is to address labor shortages and support global supply chains by deploying[12] these humanoids in various workforce scenarios.[13][14][15][16][17][18]

References[edit]

  1. Knight, Will. "Humanoid Robots Are Coming of Age" – via www.wired.com.
  2. Crowe, Steve (May 24, 2023). "Figure raises $70M to commercialize humanoids". The Robot Report.
  3. "Figure Promises First General-Purpose Humanoid Robot - IEEE Spectrum". spectrum.ieee.org.
  4. Malewar, Amit (March 4, 2023). "Figure promises the first commercially viable general-purpose humanoid robot". Inceptive Mind.
  5. "Figure Unveils First Look at Its Humanoid Robot".
  6. Saha, Shritama (March 3, 2023). "Meet Tesla Optimus Clone". Analytics India Magazine.
  7. Oitzman, Mike (March 3, 2023). "Software development for autonomous vehicles from APEX.AI". The Robot Report.
  8. "Figure unveils 'world's first commercially viable' autonomous humanoid robot". Proactiveinvestors UK. March 3, 2023.
  9. "Ex-Boston Dynamics, Tesla employees introduce general-purpose humanoid robot". Techcircle. March 3, 2023.
  10. "Just How 'Necessary' are Humanoid Robots? - dot.LA". dot.la.
  11. Kurt Knutsson, CyberGuy Report (May 7, 2023). "OpenAI and Figure develop terrifyingly creepy humanoid robots for the workforce". Fox News.
  12. Hardy-Blue, Emerson (June 6, 2023). "AI Startup Figure Raises $70 M For Humanoid Robots".
  13. "AI Startup Figure Raises $70 Million for Humanoid Robot". Bloomberg. May 24, 2023 – via www.bloomberg.com.
  14. "High-tech renaissance man Brett Adcock on Figure's humanoid robots". New Atlas. May 24, 2023.
  15. Hu, Krystal; Hu, Krystal (May 24, 2023). "AI startup Figure raises $70 million to build humanoid robots" – via www.reuters.com.
  16. Heater, Brian (May 24, 2023). "Figure raises $70M to build its humanoid robots".
  17. "Figure takes on Tesla, others in AI robot race". Yahoo Finance. May 24, 2023.
  18. "AI Startup Figure Raises $70 Million for Humanoid Robot". May 24, 2023 – via www.bloomberg.com.

Notes[edit]

  1. In interviews with Bloomberg Technology and Yahoo Finance Live
  2. Adcock invested $20 million of his own money into Figure during the Series A round


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