AI Startup Figure Raises $70 Million for Humanoid Robot
- Parkway Venture Capital led the investment at 50-person firm
- Funding for drones and robotics totaled $5.7 billion in 2022
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AI robotics startup Figure raised $70 million to help develop a humanoid robot that it believes could one day take on a wide range of tasks traditionally performed by people.
The Sunnyvale, California-based company thinks its futuristic robot, called Figure 01, will be able to address labor shortages, do dangerous jobs and help support the global supply chain, the company said.