Robotics company Figure has announced a $9 million equity investment from Intel Capital, further bolstering its position in the industry. The funding will support the development of Figure 01, the company's autonomous humanoid robot, and the expansion of Figure's AI data pipeline for autonomous operations, ultimately driving the company towards commercialization. This investment follows the recent milestone of Figure 01 successfully taking its first steps.
Intel Capital's participation in Figure's Series A funding round adds to an impressive list of investors, including Parkway Venture Capital, Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ Labs, and former KUKA Robotics CEO Till Reuter.
Figure 01 has made significant progress in recent months, reaching various technical milestones under the guidance of its exceptional engineering team. A notable achievement was the robot's first walking steps in May, an impressive feat considering Figure's relatively short existence. This rapid development places Figure among the fastest turnaround times in humanoid history.
Brett Adcock, Founder and CEO of Figure, expressed enthusiasm for the collaboration with Intel Capital, stating,
"Intel Capital is at the forefront of making big, bold frontier bets, and we are excited to share the same vision of a better future. This investment, along with the global resources and expertise of the Intel team, will accelerate the growth and success of Figure."
Mark Lydon, Managing Director at Intel Capital, highlighted the company's dedication to pushing the boundaries of innovation and its belief in Figure's potential to reshape the perception of artificial intelligence. Lydon stated, "Figure's focus on enhancing the labor economy is an essential part of our future, and we look forward to being at the forefront to support humanoid development."
With Intel Capital's backing, Figure.AI is well-positioned to advance the capabilities of its autonomous humanoid robot, contributing to the evolution of the robotics industry and paving the way for future breakthroughs in artificial intelligence.
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