Figure AI eyes a $1.9 billion valuation as Microsoft and OpenAI show interest in its life-saving robots

Figure AI, a startup developing human-like robots, is in talks to secure up to $500 million in a funding round potentially led by Microsoft and OpenAI. The company is looking to attract additional investors, with Microsoft potentially investing $95 million and OpenAI contributing $5 million. The deal could value Figure AI at $1.9 billion before pre-financing. The company’s AI-powered robot, Figure 01, is designed to perform dangerous tasks that are unsuitable for humans. Figure AI previously raised $70 million in a funding round led by Parkway Venture Capital. The current round hasn’t closed yet, and the investment amount could change. OpenAI CEO Sam Altman recently said in a podcast with Bill Gates that OpenAI is looking at robotics in the long term after shutting down its robotics development in 2021.

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Online journalist Matthias is the co-founder and publisher of THE DECODER. He believes that artificial intelligence will fundamentally change the relationship between humans and computers.

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