Intel Capital invests in Figure as humanoid robot takes first steps
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Monday, July 17, 2023
SUNNYVALE, Calif., July 17, 2023 /PRNewswire/ -- Figure, an AI Robotics company building general purpose humanoid robots, today announced a $9 million equity investment made by Intel Capital.
Key Points:
- SUNNYVALE, Calif., July 17, 2023 /PRNewswire/ -- Figure, an AI Robotics company building general purpose humanoid robots, today announced a $9 million equity investment made by Intel Capital.
- This funding from Intel Capital helps strengthen Figure's balance sheet and will accelerate the development of Figure 01 (the company's autonomous humanoid robot), build out Figure's AI data pipeline for autonomous operations, and drive the Company towards commercialization.
- This announcement follows the Company's most recent achievement of the Figure 01 robot taking its first steps.
- Intel Capital is a notable addition to Figure's Series A funding round and is joining other top-tier investors such as Parkway Venture Capital, Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and former KUKA Robotics CEO Till Reuter.