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Figure raises $675M

Sunnyvale, CA-based Figure, an AI robotics company developing general purpose humanoid robots, has raised $675 million in a Series B funding round. The funding round saw participation from Microsoft, OpenAI Startup Fund, Nvidia, Jeff Bezos through Bezos Expeditions, Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. The Series B round pegs Figure at a $2.6 billion price tag.

Following the funding, Figure has entered into a collaboration with OpenAI to work on next-generation AI models tailored for humanoid robots. Figure plans to utilize Microsoft Azure for its AI infrastructure needs, including training and storage.

In other developments, Figure recently initiated a commercial agreement with BMW Manufacturing to introduce humanoid robots into automotive production.

Qatalyst Partners acted as the financial advisor to Figure for this funding transaction.

Figure has a team of 80 employees, and was founded 21 months ago. The Figure team is made up of AI robotics experts from Boston Dynamics, Tesla, Google DeepMind, and Archer Aviation.

[Image courtesy: Figure]

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