Figure AI’s humanoid robots attract funding from Microsoft, Nvidia, OpenAI, and Jeff Bezos

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Update from February 24, 2024:

According to Bloomberg, Figure AI has raised $675 million in funding. Investors include Jeff Bezos, Nvidia, OpenAI, and Microsoft.

Bezos invests $100 million through his company Explore Investments. Microsoft is investing $95 million, while Nvidia and an Amazon-affiliated fund are investing $50 million each. OpenAI contributes $5 million after deciding not to acquire Figure AI.

Other backers include Intel, Samsung, LG Innotek, Parkway Venture Capital, Align Ventures, ARK Venture Fund, Aliya Capital Partners, Tamarack, Boscolo Intervest and BOLD Capital Partners.

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Original article from February 1, 2024:

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. It is intended to alleviate labor shortages.

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.

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