Figure Secures $9 Million Investment from Intel Capital

Figure, an AI Robotics company specializing in general purpose humanoid robots, has announced a $9 million equity investment from Intel Capital. This funding will not only strengthen Figure's financial position but also expedite the development of their autonomous humanoid robot, Figure 01. Additionally, it will support the expansion of Figure's AI data pipeline for autonomous operations and drive the company towards commercialization. This news comes shortly after Figure 01 successfully took its first steps.

Intel Capital's investment is a significant addition to Figure's Series A funding round, joining other prominent investors such as Parkway Venture Capital, Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and former KUKA Robotics CEO Till Reuter. Alongside the capital investment, Figure 01 has recently entered the testing phase and achieved several technical milestones under the guidance of an exceptional engineering team. Notably, the robot accomplished its first walking steps in May, an impressive feat considering the company's relatively short existence. This achievement marks a significant milestone for Figure and represents one of the fastest turnarounds in humanoid history.

"Intel Capital is renowned for making ambitious and groundbreaking investments, and we are thrilled to share their vision for a better future," said Brett Adcock, Founder and CEO of Figure. "This investment, combined with Intel's global resources and expertise, will greatly accelerate Figure's growth and success."

"At Intel Capital, we are constantly seeking out companies that push the boundaries of innovation, and we firmly believe that Figure has the potential to revolutionize the way we perceive artificial intelligence," said Mark Lydon, Managing Director at Intel Capital. "Figure's dedication to enhancing the labor economy is crucial for our future, and we are excited to be at the forefront of supporting humanoid development."