Associated tags: Robotics, AI, Artificial intelligence, Figure, Software, BMW, KUKA, Automation, Environment, Workforce, Archer Aviation, FJ, Intel Capital, Aviation
Locations: CALIFORNIA
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Thursday, February 29, 2024
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Software In conjunction with this investment, Figure and OpenAI have entered into a collaboration agreement to develop next generation AI models for humanoid robots, combining OpenAI's research with Figure's deep understanding of robotics hardware and software.
Key Points:
- In conjunction with this investment, Figure and OpenAI have entered into a collaboration agreement to develop next generation AI models for humanoid robots, combining OpenAI's research with Figure's deep understanding of robotics hardware and software.
- The collaboration aims to help accelerate Figure's commercial timeline by enhancing the capabilities of humanoid robots to process and reason from language.
- "Our vision at Figure is to bring humanoid robots into commercial operations as soon as possible.
- Qatalyst Partners provided strategic and financial advice to Figure on this transaction.
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Thursday, January 18, 2024
SUNNYVALE, Calif., Jan. 18, 2024 /PRNewswire/ -- Figure, a California-based company developing autonomous humanoid robots, today announced that it has signed a commercial agreement with BMW Manufacturing Co., LLC to deploy general purpose robots in automotive manufacturing environments.
Key Points:
- SUNNYVALE, Calif., Jan. 18, 2024 /PRNewswire/ -- Figure, a California-based company developing autonomous humanoid robots, today announced that it has signed a commercial agreement with BMW Manufacturing Co., LLC to deploy general purpose robots in automotive manufacturing environments.
- "Single-purpose robotics have saturated the commercial market for decades, but the potential of general purpose robotics is completely untapped.
- In the first phase, Figure will identify initial use cases to apply the Figure robots in automotive production.
- Beyond the deployment of humanoid robots in an automotive manufacturing environment, BMW Manufacturing and Figure jointly will explore advanced technology topics such as artificial intelligence, robot control, manufacturing virtualization, and robot integration.
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.
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AI SUNNYVALE, Calif, May 24, 2023 /PRNewswire/ -- Figure , an AI Robotics company building general purpose humanoid robots, today announced its $70 million Series A funding round.
Key Points:
- SUNNYVALE, Calif, May 24, 2023 /PRNewswire/ -- Figure , an AI Robotics company building general purpose humanoid robots, today announced its $70 million Series A funding round.
- This new funding will be used to accelerate the development of Figure 01 (the company's autonomous humanoid robot), build out Figure's AI data pipeline for autonomous operations, and drive towards commercialization.
- Figure is building humanoid robots designed for initial deployment into the workforce to address labor shortages and to support supply chain on a global scale.
- Figure's latest hire, Bob Klunk, joined the team as Head of Warehouse Solutions to help bring Figure 01 into its first real world application.
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Figure SUNNYVALE, Calif., March 2, 2023 /PRNewswire/ -- Figure, an AI Robotics company, emerges from stealth today to unveil Figure 01, the world's first commercially viable general purpose humanoid robot.
Key Points:
- SUNNYVALE, Calif., March 2, 2023 /PRNewswire/ -- Figure, an AI Robotics company, emerges from stealth today to unveil Figure 01, the world's first commercially viable general purpose humanoid robot.
- Figure was founded in 2022 by Brett Adcock, former Founder of Archer Aviation and Vettery, and plans to revolutionize the field of robotics.
- "Today we're seeing unprecedented labor shortages with tens of millions of unsafe or undesirable jobs in the U.S. alone," says Adcock.
- The Figure team completed the full-scale humanoid build in just six months and will begin testing in the coming months.
