Figure nets an impressive figure
This week has shaped out to be one of the busy weeks for robotics enthusiasts. The big news has been of Figure attracting a whoppng $650 Million of funding at a $2.6 Billion valuation to develop its humanoid robots perform many tasks in human-like settings. There are many things to observe from this level of funding support.
First its great to see such a massive funding round in a robotics startup. Given the scale of challenges Figure is up against, it may very well not see the light at the end of day. But just that big names are willing to consider the prospect of 10-20x return on investment in a humanoid robotics company is a milestone development in robotics. Venture capital investment in robotics has always lagged the software and chip sectors because of the very high risk and commercial uncertainity, and this funding round shows that the age of commerical robots has arrived.
Other than the funding news, the more prominent announcement is that of Fig…
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