Figure AI, a US-based startup, is currently in discussions with Microsoft and OpenAI to secure a significant funding round of $500 million. The lead investors in this potential funding round are Microsoft and OpenAI, with Microsoft expected to invest approximately $95 million, while OpenAI will contribute $5 million. If the deal is successfully closed, Figure AI’s valuation is expected to reach $1.9 billion, excluding the funding.
The purpose of this funding round is to support Figure AI’s ambitious goal of developing humanoid robots that can address labor shortages in various industries, including manufacturing, shipping, logistics, warehousing, and retail. The startup aims to create a humanoid robot named Figure 01, which will be capable of undertaking hazardous tasks and alleviating labor shortages in these industries.
Despite the reports, neither the investors nor Figure AI have provided any official comments regarding the funding situation. Thus, the funding round is yet to be finalized. However, if Figure AI can secure the $500 million funding, it will mark a significant milestone for the startup.
The potential pre-money valuation of $1.9 billion demonstrates the investors’ confidence in Figure AI’s vision and technology. The development of humanoid robots holds great promise in addressing labor shortages and enhancing efficiency in industries that heavily rely on manual labor.
Figure AI’s focus on creating humanoid robots to tackle hazardous tasks is particularly noteworthy. By deploying robots capable of handling dangerous situations, the startup aims to not only increase productivity but also improve safety conditions for human workers.
Overall, Figure AI’s pursuit of funding from Microsoft and OpenAI underscores the growing interest and investment in artificial intelligence and robotics. If successful, this funding round will provide Figure AI with the necessary resources to continue its research and development efforts, bringing us closer to a future where humanoid robots play a significant role in various industries.
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