Parkway, Others Invest $70mn In AI Robotics Startup Figure


Figure, a Sunnyvale, CA-based AI robotics company building general purpose humanoid robots, raised USD 70 million in Series A funding.

The round was led by Parkway Venture Capital with participation from Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and KUKA Robotics CEO Till Reuter.

The company intends to use the funds to accelerate the development of Figure 01 (its autonomous humanoid robot), build out its AI data pipeline for autonomous operations, and drive towards commercialization.

Led by Brett Adcock, Founder and CEO, Figure is developing autonomous general purpose humanoid robots which are 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.

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