Bay Area Startups Secure Massive Funding for Humanoid Robots

Email
Facebook
X.com
LinkedIn
WhatsApp

In a significant development for the robotics industry, several Bay Area-based companies have recently received substantial financial backing, particularly in the realm of humanoid robotics.

One standout is Figure AI, headquartered in Sunnyvale, which has just secured a staggering $675 million in venture investments. This injection of capital has propelled the company’s valuation to an impressive $2.6 billion. Figure AI specializes in the development and production of humanoid robots, aiming to revolutionize the way these machines integrate into daily life.

Gregg Hill, a prominent venture capitalist involved in funding Figure AI, expressed enthusiasm about the company’s vision, stating, “The whole goal here is to have billions of these in the market and actually be in the home.” This ambitious goal underscores the potential for humanoid robots to become commonplace fixtures in households worldwide, heralding a new era of automation and assistance.

The substantial investment in Figure AI reflects growing confidence in the capabilities and potential applications of humanoid robotics. With continued innovation and investment, these advancements could soon redefine various aspects of daily life, offering new levels of convenience, efficiency, and assistance. Stay tuned for further developments as these companies continue to push the boundaries of robotics technology.

Reference:

https://www.nbcbayarea.com/news/tech/bay-area-companies-funding-boost-humanoid-robots/3467937/

 

How useful was this post?

Click on a star to rate it!

Average rating 4.7 / 5. Vote count: 3

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

More to explorer

​ 3 min read Farewell, Atlas. Boston Dynamics In a new video posted today, Boston Dynamics is sending off its hydraulic Atlas

Read More »

​ 3 min read Deep Robotics Video Friday is your weekly selection of awesome robotics videos, collected by your friends at IEEE

Read More »

Leave a Reply