Internship
Develops versatile humanoid robots for industries
No salary listed
San Jose, CA, USA
Requires 5 days/week in-office collaboration.
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Figure.ai develops humanoid robots designed for various tasks across multiple industries. 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 is electric-powered and built to work in human-designed environments like manufacturing plants and warehouses. Figure.ai targets large industrial clients, such as BMW, to help improve efficiency and reduce labor costs. Unlike traditional robots that often serve a single function, Figure 01 is versatile and can perform multiple tasks, making it a cost-effective solution for automation. The company's goal is to enhance operational efficiency in various sectors through the integration of their humanoid robots.
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$854M
Headquarters
Sunnyvale, California
Founded
2022
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Data cloud company Snowflake says it is opening a new Silicon Valley “AI hub.”The new Menlo Park location, announced Thursday (Feb. 27), is designed to give developers, startups and business leaders a place to work on artificial intelligence (AI) efforts.“Our technology is already at the heart of customers’ data and AI strategies, and now, we are taking it a step further by creating a physical space for people shaping the future of AI to connect, learn, and work,” Snowflake CEO Sridhar Ramaswamy said in a news release.“Whether you’re a developer looking for hands-on experience, a startup founder looking for a place to collaborate, or an executive looking to explore the art of the possible, the Silicon Valley AI Hub will serve as the epicenter of AI development and collaboration.”Set to open this summer, the hub will feature spaces designed for people “across the AI ecosystem,” per the release. Executives can collaborate and create partnerships, AI engineers can experiment with new technology, and early-stage startups gain a homebase for their work.Meanwhile, the company, its startup accelerator and its venture capital partner are planning to invest up to $200 million in early stage startups, offering funding as well as technical assistance.Amazon Web Services (AWS), the company said, “has also committed to provide up to $1 million in free Snowflake credits on AWS over four years to support startups building and offering applications on Snowflake’s platform.”Snowflake’s announcement comes on the heels of a report earlier this week that Perplexity AI was creating a $50 million venture fund focused on U.S.-based pre-seed and seed AI startups.The company, itself an AI startup, will invest in the fund, but outside limited partners will provide most of the capital, CNBC reported, citing unnamed sources. Perplexity last year closed a $500 million funding round that tripled its valuation to $9 billion.AI startups have been raising significant amounts of funding lately, with three companies taking in — or preparing to take in — a combined $2.3 billion in the last week.Together.ai, which is building an AI cloud for AI applications using open source models, recently raised $305 million in a Series B round. Cloud AI startup Lambda announced last week that it has raised $480 million to build a hyperscaler cloud for AI developers and end users.And robotics company Figure, backed by OpenAI, Nvidia and Microsoft, is in reportedly talks to raise $1.5 billion in a Series C round.For all PYMNTS AI coverage, subscribe to the daily AI Newsletter
Perplexity AI is reportedly creating a $50 million venture fund focused on U.S.-based pre-seed and seed artificial intelligence (AI) startups. The company, which is an AI startup itself, will be an anchor investor in the fund, but outside limited partners will provide most of the capital, CNBC reported Tuesday (Feb. 25), citing unnamed sources. Reached by PYMNTS, Perplexity declined to comment on the report
Today, figure.ai is introducing a new real-world application for Figure robots: logistics package manipulation and triaging.
Three AI startups have collectively raised $2.3 billion. Figure, a robotics AI startup, is in talks to raise $1.5 billion in a Series C round. Lambda, a cloud AI startup, raised $480 million to build an AI cloud. Together.ai secured $305 million in a Series B round for AI cloud development. Additionally, Latent Labs, founded by a former DeepMind scientist, emerged with $50 million in funding to design proteins using AI. AI recruiting startup Mercor raised $100 million in a Series B round.
The dream of having robots do household chores inched a little closer to reality last week. Figure, an OpenAI-backed robotics artificial intelligence (AI) startup, showed off humanoid robots that can understand voice commands and can grab objects they had never seen before. In a Figure video, a guy holding a bag of groceries starts unloading eggs, apple, ketchup, cheese, cookies and other items on a counter