Figure AI is an artificial intelligence and robotics company based in Sunnyvale, California, developing AI-powered humanoid robots. Founded in 2022 by Brett Adcock, the company aims to create the world's first commercially viable autonomous bipedal robot. Figure AI's humanoids are designed to perform physical tasks in complex environments, like warehouses, factories, and in-home settings. The company's core philosophy centers on building machines that embody the adaptability of a human worker. Figure AI strives to remedy rising labor shortages in the United States by deploying a fleet of autonomous humanoids to support the lacking workforce and fill jobs that humans don't want to perform.
Financially, Figure AI has experienced significant growth. In February 2024, the company raised $675 million in a funding round with participation from investors including OpenAI, Nvidia, Microsoft, Intel, Samsung, and Amazon founder Jeff Bezos. The company has also partnered with BMW to deploy humanoid robots in automotive manufacturing facilities and recently signed a deal with another Fortune 100 company.
Figure's latest round is a $1.5B raise with the goal of fulfilling demand for 100,000+ robots from its initial Fortune 100 customers. This would equate to $9B ARR at Figure's current subscription pricing.
This opportunity is available to members who qualify as Qualified Purchasers ($5M+ in investable assets). Additional materials are available for investors who qualify and are comfortable executing an NDA.
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