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Robotics startup Figure AI in talks for new funding at $39.5 billion valuation

Economic Times

Economic Times · 6m ago

Robotics startup Figure AI in talks for new funding at $39.5 billion valuation

Robotics startup Figure AI is negotiating a $1.5 billion funding round, possibly valuing it at $39.5 billion, led by Align Ventures and Parkway Venture Capital. The terms remain unfinalized. Previously, Figure AI raised $675 million, valued at $2.6 billion, with backers like Nvidia and Jeff Bezos. Major tech firms, including Nvidia and Meta, are investing in humanoid robotics, leveraging advanced AI. Tesla's Elon Musk anticipates their humanoid robots, Optimus, to be market-ready soon, enhancing human-robot interaction opportunities.

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Figure.ai is now valued at $2.6 billion after raising $675 million from tech giants

IndianStartupNews

IndianStartupNews · 1y ago

Figure.ai is now valued at $2.6 billion after raising $675 million from tech giants

AI robotics startup Figure.ai announced a successful Series B funding round, raising $675 million and achieving a valuation of $2.6 billion. The funding, which included participation from Microsoft and Jeff Bezos, will help accelerate the deployment of the startup's humanoid robots. Figure has also formed a partnership with OpenAI to enhance the robots' language processing and reasoning abilities. Led by CEO Brett Adcock, Figure aims to bring humanoid robots into commercial operations, with its first commercial agreement already established with BMW Manufacturing. The startup will leverage Microsoft Azure for AI infrastructure and services.

Perplexity plans to raise up to $1 bn at $18 bn valuation

Inshorts · 5m ago

Perplexity plans to raise up to $1 bn at $18 bn valuation

Perplexity AI is in early talks to raise up to $1 billion in funding at $18 billion valuation, Bloomberg reported. This new funding round could potentially double the AI startup's valuation from $9 billion as of December. Led by CEO Aravind Srinivas, the startup is backed by NVIDIA, Amazon Founder Jeff Bezos and Japan's SoftBank Group.

Jeff Bezos, Nvidia join OpenAI in funding humanoid robot startup

Economic Times

Economic Times · 1y ago

Jeff Bezos, Nvidia join OpenAI in funding humanoid robot startup

Tech giants Jeff Bezos, Microsoft, Nvidia Corp, and others are investing in Figure AI Inc., a startup developing human-like robots with the help of artificial intelligence. The funding round aims to secure around $675 million, valuing the company at approximately $2 billion. The robots are being designed to perform dangerous tasks and alleviate labor shortages. Other companies, including Intel, LG Innotek, and Samsung, are also involved in the investment. The funding underscores the growing interest in AI-powered robotics as a new frontier for technology applications.

Musk's xAI plans to raise $10 bn at $75 bn valuation: Report

Inshorts · 6m ago

Musk's xAI plans to raise $10 bn at $75 bn valuation: Report

Elon Musk-led xAI is in talks to raise $10 billion in a funding round that could value the AI startup at around $75 billion, Bloomberg reported. Existing investors, including Sequoia Capital, Andreessen Horowitz and Valor Equity Partners are reportedly considering investing in the round. In December, the startup raised $6 billion at reportedly over $40 billion valuation.

Musk's xAI seeks $20 bn funding at $120 bn valuation: Report

Inshorts · 4m ago

Musk's xAI seeks $20 bn funding at $120 bn valuation: Report

Elon Musk's xAI Holdings is in talks to raise $20 billion in fresh funding at a valuation of over $120 billion, Bloomberg reported. If successful, this would be the second-largest startup funding round after OpenAI's $40 billion raise at a $300 billion valuation last month. In March, Musk sold his social media platform X to xAI for $45 billion.

Perplexity AI's value triples to $9 bn in latest funding round

Inshorts · 8m ago

Perplexity AI's value triples to $9 bn in latest funding round

Perplexity AI, an artificial intelligence startup co-founded by Indian-origin Aravind Srinivas, has closed a $500-million round of funding that triples its valuation to $9 billion, Bloomberg reported. In April, Perplexity was valued at $1 billion, a figure that jumped to $3 billion in June after investment from SoftBank Group's Vision Fund 2. Perplexity, founded in 2022, is rival of ChatGPT.

Robot startup Figure raises $675 mn from Microsoft, Bezos, others

Inshorts · 1y ago

Robot startup Figure raises $675 mn from Microsoft, Bezos, others

Humanoid robot startup Figure AI has raised $675 million from investors including Amazon Founder Jeff Bezos and Microsoft at a $2.6 billion valuation. The US-based startup's funding round also involved OpenAI, NVIDIA, Intel and ARK Invest. Bloomberg reported last week that Bezos' Explore Investments was committing $100 million to the startup, while Microsoft was investing $95 million.

France's Mistral AI seeks funding at $5 billion valuation: report

Economic Times

Economic Times · 1y ago

France's Mistral AI seeks funding at $5 billion valuation: report

French tech startup Mistral AI is reportedly in talks with investors to raise several hundred million dollars at a valuation of $5 billion. The company's existing investors include Andreessen Horowitz, Lightspeed Ventures, and Microsoft. Mistral recently partnered with Microsoft to make its AI models available through Azure. In December, the company raised $415 million and was last valued at €2 billion. Mistral has not yet commented on the latest funding talks.

OpenAI Co-founder Ilya's startup seeks $20 bn valuation: Report

Inshorts · 6m ago

OpenAI Co-founder Ilya's startup seeks $20 bn valuation: Report

OpenAI Co-founder Ilya Sutskever's startup Safe Superintelligence (SSI) is in talks to raise funding at a $20 billion valuation, Reuters reported. The startup, which has not generated any revenue yet, raised $1 billion in September last year at a reportedly $5 billion valuation. Sutskever launched SSI in June 2024 after leaving OpenAI in May.

BharatPe in talks to raise $100 million in equity round

Economic Times

Economic Times · 1y ago

BharatPe in talks to raise $100 million in equity round

New Delhi fintech startup BharatPe is in talks with existing investors to secure $100 million in fresh equity funding and is also seeking a new investor. Despite ongoing top-level talent departures, the company remains focused on profitability and preparing for an IPO. However, the funding round is expected to be negotiated at a lower valuation than the previous one in 2021 when BharatPe was valued at $3 billion. The company is considering a valuation of around $2 billion in this round to attract fresh capital and fuel its growth plans.

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