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Intel backs Figure’s Humanoid robot to the tune of $9 million
Jul 18, 2023
Bay Area-based robotics firm Figure's humanoid robot takes its first steps after Intel Capital invests $9 million in the company, supporting its growth in artificial intelligence and humanoid technology.
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Quick takeaways
- Figure receives $9 million investment from Intel Capital to fuel the development of its multi-purpose humanoid.
- Figure's strategic focus on industrial warehouse applications sets it apart from other companies pursuing general-purpose humanoid projects.
Deep dives
Figure receives $9 million investment from Intel Capital
Bay Area-based robotics firm Figure has secured $9 million in equity investment from Intel Capital. Intel Capital sees Figure's potential in revolutionizing artificial intelligence and believes in the company's focus on enhancing the labor economy. Figure aims to create a multi-purpose humanoid and has made significant progress since its inception, including raising a $70 million Series A funding round. The additional investment from Intel Capital will provide Figure with the necessary resources and expertise to accelerate its growth and success.
