Fundraising Success: Figure Raises $70 Million For Robot Production

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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  Spotify CEO's AI-powered startup raises €60M for preventive healthcare

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