Figure AI has made a significant announcement with its commercialization plans, aiming to raise $70 million to further develop its technology. This investment will play a crucial role in the company's growth.
Figure AI's stock symbol is a key piece of information for investors looking to get involved with the company. It's essential to note that this information is subject to change, so it's crucial to stay up-to-date.
The commercialization plans are a significant step for Figure AI, indicating the company's commitment to expanding its reach and services. This investment will likely have a positive impact on the company's stock price.
Figure Raises $70M for Humanoid Robot Commercialization
Figure, an AI Robotics company, has just announced a $70 million Series A funding round to support the commercialization of its humanoid robot, Figure 01.
Figure is building humanoid robots designed for initial deployment into the workforce to address labor shortages and support supply chain on a global scale.
The company has made notable hires across AI, Controls, Manipulation, Perception, and Commercial Operations in recent months.
Figure's latest hire, Bob Klunk, joined the team as Head of Warehouse Solutions, bringing over two decades of warehouse experience.
Figure's near-term goal is to deploy humanoids into the workforce, with a focus on tasks that are structured, repetitive, and often dangerous in warehouses.
The company has already reached significant milestones, including bringing on industry leading robotics experts and scaling its organization to 50 employees with over 100 years of Humanoid and AI experience.
Figure plans to use the funding to accelerate the development of Figure 01 and build out its AI data pipeline for autonomous operations.
Figure's first applications will be in industries where labor shortages are the most severe, such as manufacturing, shipping and logistics, warehousing, and retail.
The funding round is led by Parkway Venture Capital and joined by participating investments from several other companies, including KUKA Robotics CEO Till Reuter.
Figure's humanoid robot has the potential to revolutionize the labor economy, according to Jesse Coors-Blankenship, Co-Founder and Managing Partner of Parkway Venture Capital.
Here are some key facts about Figure's funding round:
- Figure raised $70 million in Series A funding.
- The funding will be used to accelerate the development of Figure 01 and build out its AI data pipeline.
- Figure's near-term goal is to deploy humanoids into the workforce, with a focus on tasks in warehouses.
- The company has already reached significant milestones, including bringing on industry leading robotics experts and scaling its organization.
Frequently Asked Questions
Is Figure AI a public company?
Figure AI is a privately held company, meaning it is not publicly traded. This status allows the company to maintain control and flexibility in its operations.
Will Figure AI have an IPO?
Figure AI has no concrete indications of an imminent IPO at this time. However, its business plans and progress in the robotics and AI sectors are worth monitoring for potential future developments.
Where can I buy figure stock?
Accredited investors can buy pre-IPO Figure stock through EquityZen funds, made available by existing Figure shareholders on the EquityZen platform
Sources
- https://www.fool.com/investing/stock-market/market-sectors/information-technology/robotics-stocks/
- https://www.investors.com/research/c3ai-ai-stock-buy-now-december/
- https://neptune.ai/blog/predicting-stock-prices-using-machine-learning
- https://www.prnewswire.com/news-releases/figure-raises-675m-at-2-6b-valuation-and-signs-collaboration-agreement-with-openai-302074897.html
- https://www.finanzen.at/nachrichten/aktien/figure-announces-$70m-series-a-to-support-commercialization-of-figure-01-humanoid-robot-1032347773
Featured Images: pexels.com
