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One of the world's most exciting robotics startups is starting to seriously scale up.
What’s happening:
- Robotics startup Figure has announced they have signed a new deal with one of the largest companies in the United States of America to supply them with humanoid robots
Why it matters:
- Figure is one of the most advanced robotics companies in the world and previously launched their latest humanoid robot known as Figure 02 which was widely seen as a significant breakthrough for robotics technology
By the numbers:
- Figure has publicly stated they could ship 100,000 humanoid robots over the next 48 months
- Figure previously raised $675M USD in a Series B financing round which saw participation from multiple notable investors including Nvidia (NASDAQ: NVDA), OpenAI and Intel Capital
Going deeper:
- Figure previously struck a notable deal BMW to use their robots for manufacturing purposes and to automate certain aspects of assembling new vehicles
The fine print:
- Figure has not publicly disclosed who the company is that they have entered into a new partnership with or what the financial terms of the new deal are
