Figure Raises $9M Equity Investment From Intel Capital
Warehouse suppliers predict they will run out of people to hire by 2024. There are 10 million unfilled jobs in the United States and 7 million of those job openings are for essential roles in warehouses, transportation, and retail.
Warehouse suppliers predict they will run out of people to hire by 2024. There are 10 million unfilled jobs in the United States and 7 million of those job openings are for essential roles in warehouses, transportation, and retail. That's where Figure comes in.
Funding led by: Intel Capital. This 9M is in addition to Figure's series A funding round.
Participation from: Parkway Venture Capital, Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and Till Reuter (former KUKA Robotics).
Total Funding Amount: $70M
Funds Use: strengthen its balance sheet and accelerate the development of Figure 01, its autonomous humanoid robot, build out its AI data pipeline for autonomous operations, and drive commercialization
About: Figure mission is to expand human capabilities through advanced AI. They are building general purpose humanoid robots.
