Figure Raises $70M Series A to Drive Commercialization of Figure 01 Humanoid Robot

WHO Figure AI Inc., an AI Robotics company, aims to address labor shortages and support global supply chains by deploying humanoid robots into the workforce

WHAT The $70 million Series A funding round, led by Parkway Venture Capital, provides Figure with the necessary resources to accelerate the commercialization of Figure 01. The participation of various prominent investors underscores the industry's belief in the potential of autonomous humanoid robots to transform the labor market.

WHY The company's immediate focus is on deploying robots in warehouses, where structured, repetitive, and potentially hazardous tasks can be automated. By introducing autonomous humanoid robots, Figure seeks to revolutionize the labor economy and create more efficient and safer working environments.

TRACTION Figure has made significant progress in the past year, with notable hires in AI, Controls, Manipulation, Perception, and Commercial Operations. The addition of Bob Klunk, former SVP of Operations at Geodis, as Head of Warehouse Solutions further strengthens the team's expertise in fulfillment operations. The company has also achieved key milestones, including the successful completion of the alpha prototype of Figure 01.

FUNDING Figurevhas announced a successful $70 million Series A funding round. The funding will be used to accelerate the development of Figure 01, an autonomous humanoid robot, expand Figure's AI data pipeline for autonomous operations, and drive toward commercialization. Parkway Venture Capital led the round, with participation from investors such as Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and KUKA Robotics CEO Till Reuter. This funding follows Figure's recent emergence from stealth mode.

KEY TAKEAWAY Figure's successful funding round highlights the increasing interest and investment in AI Robotics, particularly in the development of autonomous humanoid robots. As Figure advances toward commercialization, the deployment of humanoid robots in warehouses and other industries facing labor shortages holds significant promise. Businesses should closely monitor these developments and assess the potential benefits of adopting autonomous humanoid robots to optimize their operations, improve safety, and address labor challenges. The partnership between Figure and its investors demonstrates a shared vision to pioneer AI technology and reshape the future of work.