Figure

Figure

Develops versatile humanoid robots for industries

About

Figure.ai develops humanoid robots designed for various industries, focusing on enhancing operational efficiency and reducing labor costs. Their main product, Figure 01, is a 5'6" tall, 60kg robot that can carry up to 20kg, run for 5 hours, and move at a speed of 1.2 meters per second. It operates in human-designed environments like manufacturing plants and warehouses. Unlike traditional robots that perform single tasks, Figure 01 is versatile and can handle multiple functions, making it a cost-effective solution for industrial clients. The company aims to expand its market reach through partnerships, such as with BMW Manufacturing, and generates revenue through sales, leasing, and service contracts.

Company Stage

Late Stage VC

Employees

51-200

Industries

Robotics & Automation, Automotive & Transportation, AI & Machine Learning

Total Funding

$830.7M

Headquarters

Sunnyvale, California

Founded

2022


Simplify Jobs

Simplify's Take

What believers are saying

  • $675 million funding round boosts R&D and scaling opportunities.
  • Successful BMW integration showcases potential for widespread adoption in manufacturing.
  • Partnership with OpenAI enhances language and visual processing capabilities.

What critics are saying

  • Nvidia's Jetson Thor platform intensifies competition in humanoid robotics.
  • Tesla's planned humanoid robots by 2025 pose a significant competitive threat.
  • Dependence on automotive industry ties success to sector fluctuations.

What makes Figure unique

  • Figure 01 combines human agility with advanced AI for versatile applications.
  • Partnership with BMW highlights real-world integration in automotive production.
  • Figure 02 features self-correcting AI, enhancing operational efficiency and autonomy.

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Growth & Insights
Headcount

6 month growth

-4%

1 year growth

1%

2 year growth

-5%

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