AI startup Figure raises $70 mn to build humanoid robots

Figure, a startup that wants to build general-purpose humanoid robots, has raised $70 million from investors led by Parkway Venture Capital in its first external round.
RobotFigure will use the VC funding to accelerate the development and manufacturing of the company’s first autonomous humanoid, which is expected to launch in the next few months.

Brett Adcock, founder and chief executive at Figure, invested $20 million personally in the round. Other investors include Aliya Capital and Bold Ventures.

Based in Sunnyvale, California, Figure develops general-purpose humanoid robots that could work in different environments and handle a variety of tasks, from warehouses to retail. It’s in talks with retailers about commercialization opportunities, the company said.

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