Figure – an AI Robotics company building general-purpose humanoid robots – recently announced a $9 million equity investment made by Intel Capital. This funding round 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 toward 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 like Parkway Venture Capital, Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and former KUKA Robotics CEO Till Reuter.
With this capital investment, Figure 01 entered the testing phase a few months ago and reached many technical milestones led by a best-in-class engineering team. And the robot took its first walking steps in May – less than one year after the company’s inception. This momentous achievement for Figure is one of the quickest turnarounds in humanoid history.
KEY QUOTES:
“Intel Capital is at the forefront of making big, bold frontier bets, and we are excited to share the same vision of a better future. This investment along with the global resources and expertise of the Intel team will help accelerate the growth and success of Figure.”
— Brett Adcock, Founder and CEO of Figure
“Intel Capital is constantly searching for companies that push the boundaries of innovation, and we believe that Figure has the potential to shift the way the world thinks about artificial intelligence. Figure’s focus on enhancing the labor economy is an essential part of our future, and we look forward to being at the forefront to support humanoid development.”
— Mark Lydon, Managing Director at Intel Capital
