In a bold step that emphasizes the speeding up race to release humanoid robots in real-world atmospheres, robotics start-up Figure has secured more than $ 1 billion in Series C financing– pressing its valuation to a shocking $ 39 billion simply 2 years after launch.
The San Jose-based business, founded in 2022 by serial tech entrepreneur Brett Adcock, revealed the financing round on Tuesday, with major support from Parkway Venture Capital, Microsoft, Nvidia, Intel Capital, and Brookfield Possession Management.
The financing, according to Figure, will be used to range production of its flagship humanoid robotic, Figure 01, increase its design and AI groups, construct brand-new facilities for data training, and inch closer to industrial deployments in storehouses and logistics settings.
Who is Brett Adcock– and Why Should You Focus?
For viewers of frontier technology, Adcock’s name sounds acquainted. He co-founded Archer Air travel, the electric air taxi company that went public by means of SPAC in 2021 and was valued at $ 2 7 billion on debut. Prior to that, he built Vettery, an AI-powered recruiting platform later on gotten by the Adecco Group.