Figure, an AI Robotics company building general purpose humanoid robots, announced a $9 million equity investment made by Intel Capital. This funding from Intel Capital is expected to strengthen Figure’s balance sheet and 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 towards commercialization.
The investment comes soon after the company’s Figure 01 robot taking its first steps in May – less than one year from the company’s inception. Figure had also announced its $70 million Series A funding round in May.
Intel Capital is a notable addition to Figure’s Series A funding round and is joining other top-tier investors such as Parkway Venture Capital, Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and former KUKA Robotics CEO Till Reuter.
“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,” said Brett Adcock, Founder and CEO of Figure. “This investment along with the global resources and expertise of the Intel team will help accelerate the growth and success of Figure.”
The AI Robotics company develops autonomous general purpose humanoid robots designed for initial deployment into the workforce to address labor shortages, jobs that are undesirable or unsafe, and to support supply chain on a global scale. Figure is a team of 50 employees based in Sunnyvale, California.
