The Founder of Amazon, Jeff Bezos, is reportedly upping his financial support for the robot start-up Figure A.I. This information comes from an agency report and indicates that he’s not alone in his investment. Other major U.S. companies such as Nvidia and Microsoft are also significantly increasing their financial backing for this innovative start-up.
The financial details of this deal reveal that Jeff Bezos, through his company Explore Investments LLC, is set to contribute a staggering 100 million dollars to Figure A.I. His contribution is closely followed by Microsoft’s 95 million dollars investment. Nvidia and a fund linked to Amazon are also providing substantial support, with each offering up 50 million dollars, according to a report from Bloomberg. These figures were disclosed by sources who are closely familiar with the matter.
Human-like robots
Figure A.I., which enjoys the backing of ChatGPT maker OpenAI, is currently in the process of developing robots that bear a striking resemblance to humans. The company reportedly has a target of raising 675 million dollars, as per the same report.
The current financing round for Figure A.I. is based on a company valuation of two billion dollars. Interestingly, OpenAI had previously considered acquiring Figure A.I, and now, it’s reportedly investing five million dollars in the start-up.
Notably, many other significant players are also investing in Figure A.I. These include the venture capital arm of Intel, LG Innotek, the investment group of Samsung, and venture capital firms such as Parkway Venture Capital and Align Ventures. ARK Venture Fund, Aliya Capital Partners, and Tamarack have also been listed among the investors.
As of now, Amazon, Nvidia, and Microsoft have declined to comment on their investments. Other companies named in the report, such as Figure A.I., have yet to issue any comments.
