Fundraising Success: Figure Raises $70 Million For Robot Production

Date:

Figure, a startup specializing in developing humanoid robots, has recently raised a massive $70 million Series A round backed by Parkway Venture Capital, Aliya Capital, Bold Ventures, Tamarack Global, FJ Labs and Kuka Robotics CEO Till Reuter. This follows founder and CEO Brett Adcock’s self-financed $100 million seed to get the project started.

The company’s ambition is plain to see, displayed in the pre-working model of their robot, Figure 01. The ambitious humanoid project takes its first step ahead of its one year anniversary, leaving the Figure team with the bragging rights of having achieved the fastest timeline in the industry to date.

The new money will go a long way to help the company realize their ambitions to revolutionize the labor economy. Figure is aggressively hiring talent from prominent tech companies such as Boston Dynamics, Tesla, Apple, and automotive manufacturers.

Brett Adcock is the founder and CEO of Figure. A Bay Area native, Brett is a veteran entrepreneur with experience in founding successful hardware companies. His specialties include product and software development, engineering, and manufacturing.

In addition to participating in the building and engineering of autonomous humanoid robots, Brett has a passion for helping to foster machine intelligence solutions. His focus is on advancing the development of innovative processes and products that will revolutionize the labor economy.

The artificial intelligence and robotics industry has been rapidly evolving and advancing with groundbreaking discoveries and innovations. Brett’s vision, mission, and ambition are all qualities that help put Figure in a unique and advantageous position to be a major player and leader in this rapidly evolving and cutting-edge technology field.

See also  Alberta Government Invests $15 Million in Health Tech Industry Growth, Canada

Frequently Asked Questions (FAQs) Related to the Above News

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Share post:

Subscribe

Popular

More like this
Related

Obama’s Techno-Optimism Shifts as Democrats Navigate Changing Tech Landscape

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tech Evolution: From Obama’s Optimism to Harris’s Vision

Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?

Tonix Pharmaceuticals TNXP Shares Fall 14.61% After Q2 Earnings Report

Tonix Pharmaceuticals TNXP shares decline 14.61% post-Q2 earnings report. Evaluate investment strategy based on company updates and market dynamics.

The Future of Good Jobs: Why College Degrees are Essential through 2031

Discover the future of good jobs through 2031 and why college degrees are essential. Learn more about job projections and AI's influence.