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Archive · 29 February 2024

Figure raises $675M and signs AI deal with OpenAI

The humanoid start-up reached a $2.6 billion valuation and agreed to build next-generation robot AI models with OpenAI.

Figure closed a $675 million Series B round at a $2.6 billion post-money valuation, with backers including Microsoft, Nvidia, the OpenAI Startup Fund, Amazon's industrial fund and Jeff Bezos. Alongside the money, Figure and OpenAI agreed to collaborate on AI models that would help its humanoids understand and reason with language. The deal was one of the clearest signs in 2024 that large language models were being pushed into physical robots. Figure later ended the OpenAI partnership in early 2025 in favour of its own models.

Source: TechCrunch

This archive entry summarises reporting published elsewhere; follow the source link for the full story. The summary was drafted with AI from that reporting.

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