Backed by Bezos, humanoid robot maker raises USD675 million

News Story
- 7 Mar 2024 ( #1169 ) - Sunnyvale, CA, United States
1 min read
The 5 ft 6 in (167 cm) Figure 01 has a payload of 20 kg
The 5 ft 6 in (167 cm) Figure 01 has a payload of 20 kg

Amazon founder, billionaire Jeff Bezos, and Microsoft are among some big names to invest in robotics company Figure, which is developing humanoid robots.

Figure, which last month inked a deal with BMW Manufacturing to bring humanoid robots into automotive production, says it raised USD675 million in Series B funding, which will be used to accelerate the introduction of its humanoid robots to market.

As well as Bezos, through Bezos Expeditions, and Microsoft, OpenAI Startup Fund, NVIDIA, Venture Capital, Intel Capital, Align Ventures and ARK Invest participated in the funding round.

Figure says it also agreed to collaborate with OpenAI to develop next generation artificial intelligence (AI) models for humanoid robots.

"We're blown away by Figure's progress to date and we look forward to working together to open up new possibilities for how robots can help in everyday life," says Peter Welinder, OpenAI’s vice president of product and partnerships.

The Figure team is made up of experts from Boston Dynamics, Tesla, Google DeepMind and Archer Aviation.

Figure will leverage Microsoft Azure for AI infrastructure, training and storage. 

"Our vision at Figure is to bring humanoid robots into commercial operations as soon as possible,” says Figure founder and chief executive officer Brett Adcock

"AI and robotics are the future, and I am grateful to have the support of investors and partners who believe in being at the forefront."

Figure says its human form prototype, Figure 01, is the world’s first commercially-viable autonomous humanoid robot.

Figure 01 is 5 ft 6 in (167 cm) in height, weighs 60 kg, has a payload of 20 kg and a five-hour runtime.

GreyOrange unveils autonomous forklifts
GreyOrange unveils autonomous forklifts 1 Aug 2024 - Atlanta, GA, United States - 1 min read
Flink Robotics wins funding for industrial robots
Flink Robotics wins funding for industrial robots 1 Aug 2024 - Zurich, Switzerland - 1 min read
Tompkins Robotics unveils parcel-sorting robot
Tompkins Robotics unveils parcel-sorting robot 25 Jul 2024 - Orlando, FL, United States - 1 min read
Previously about:
Toyota-Hyundai partnership to research humanoid technology News Story - 31 Oct 2024 - Boston, United States - 1 min read
Robots to unload and patrol CEVA warehouse News Story - 2 Nov 2023 - Los Angeles, CA, United States - 2 min read
DHL automates with Boston Dynamics News Story - 3 Feb 2022 - Westerville, OH, United States - 1 min read
Movers & Shakers News Story - 7 Mar 2024 - 3 min read
Forklift upgrade ‘underwhelms’ users News Story - 8 Feb 2007 - SYDNEY, New South Wales, Australia - 1 min read
3D robotics maker Mytra launches News Story - 25 Jul 2024 - South San Francisco, CA, United States - 2 min read
Do you have materials handling news? Submit your news here
Inside The News
As a journalist focussed on the materials handling sector, it is difficult not to notice the regularity of news stories that detail injuries to – or worse still the deaths of – forklift operators... Continue reading

Whether you have low or high volumes of container movements, we have a container handling solution that will suit your business. With high quality, superior design, and a range of safety features, our light-weight straddle carriers are used across a variety of industries including logistics and transport, glass, steel, food, customs and border protection, and import and export.

Mobicon Systems
Tel: +61 0) 7 3448 0010 or 1300 66 1976 (within Australia)
www.mobiconsystems.com

Words of support …

Thanks to advertising with Forkliftaction, GemOne has experienced a significant enhancement in our online presence. Working with Forkliftaction has enabled us to boost engagement with our targeted audience, resulting in an increase in information requests and downloads of valuable materials from our website. Forkliftaction has consistently delivered outstanding results, helping us to effectively connect with the right audience.

Justine Lootens, CEO - GemOne

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Whether you have low or high volumes of container movements, we have a container handling solution that will suit your business. With high quality, superior design, and a range of safety features, our light-weight straddle carriers are used across a variety of industries including logistics and transport, glass, steel, food, customs and border protection, and import and export.

Mobicon Systems
Tel: +61 0) 7 3448 0010 or 1300 66 1976 (within Australia)
www.mobiconsystems.com

Your Focus

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Whether you have low or high volumes of container movements, we have a container handling solution that will suit your business. With high quality, superior design, and a range of safety features, our light-weight straddle carriers are used across a variety of industries including logistics and transport, glass, steel, food, customs and border protection, and import and export.

Mobicon Systems
Tel: +61 0) 7 3448 0010 or 1300 66 1976 (within Australia)
www.mobiconsystems.com