Tech Company Financing Transactions
Figure AI Funding Round
Figure AI secured a $675 million Series B funding round on 2/29/2024. Investors included Align Ventures, ARK Investment Management and Intel Capital.
Transaction Overview
Company Name
Announced On
2/29/2024
Transaction Type
Venture Equity
Amount
$675,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its timeline for humanoid commercial deployment.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Undisclosed
Sunnyvale, CA Undisclosed
USA
Sunnyvale, CA Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
7 million of those job openings are for essential roles in warehouses, transportation, and retail. There are only 6 million people available to fill these open positions -- and attrition rates remain high. Key warehouse suppliers predict they will run out of people to hire by 2024.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brett Adcock
Chief Technical Officer
Jerry Pratt
VP - Bus. Development
Dana Berlin
VP - Bus. Development
Lee Randaccio
VP - Operations
Logan Berkowitz
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Where The Data Comes From
We report on every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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