Intel Capital, one of the leading investors in tech startups, took a large stake in the stock Investing $9 million in Shape, an AI-powered robotics company. This strategic move aims to accelerate the development of Figure 01, an advanced autonomous humanoid robot, and to establish an advanced AI data pipeline for autonomous operations. With an injection of capital and support from Intel, the format is making significant progress towards commercialization.
Along with other high-profile investors such as Parkway Venture Capital, Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and Till Reuter (former CEO of KUKA Robotics), Intel Capital participated in the Series A funding round. This collaboration demonstrates Intel’s belief in the company’s capabilities and its commitment to advancing the field of artificial intelligence in robotics.
Robotic robotics is a field of robotics that focuses on creating robots that resemble and mimic human behavior and characteristics. These robots are designed to look like humans, and often have a torso, head, arms, and legs, just like a human. The goal of humanoid robotics is to create robots that can function in human environments and perform tasks in the same way that humans do.
There are several aspects to humanoid robots:
- physical designHumanoid robots are designed to resemble the human body. This includes having a similar body structure, such as the head, torso, arms, and legs. Some humanoid robots may also have humanoid faces, hands, and other features.
- a movementHumanoid robots are designed to move in ways that mimic human movement. This can include walking, running, jumping, and even performing complex tasks like dancing or playing sports.
- interactionHumanoid robots are often designed to interact with humans in a natural and intuitive way. This can include understanding and responding to human speech, recognizing and interpreting human emotions, and even mimicking human behaviors.
- Cognitive abilitiesSome humanoid robots are equipped with artificial intelligence that allows them to learn from their experiences, make decisions, and solve problems. This can include tasks such as navigating a new environment, understanding complex instructions, or even playing a game of chess.
Examples of humanoid robots include Honda’s Asimo, Boston Dynamics’ Atlas, and Sophia Hanson Robotics.
Figure 01, the autonomous humanoid robot in shape, has achieved several noteworthy technical milestones. In an extraordinary feat, the robot took its first steps in May, less than a year after the company was founded. This rapid progress represents an important achievement in the history of human evolution.
“Intel Capital is at the forefront of making big, bold bets, and we are excited to share the same vision for a better future.” said Brett Adcock, Founder and CEO of Fig. “This investment, combined with the global resources and expertise of the Intel team, will help accelerate the growth and success of the format.”
Brett Adcock, founder and CEO of Figure, is excited about the shared vision between Figure and Intel Capital. He believes that Intel’s significant investment, combined with its global resources and expertise, will significantly accelerate Figure’s growth and success.
Mark Lydon, managing director at Intel Capital, praises the format for its ability to redefine the boundaries of artificial intelligence. He recognizes the importance of the mission of form in promoting the economy of work and eagerly looks forward to supporting the company’s continuous human development.
“Intel Capital is constantly looking for companies that push the boundaries of innovation, and we believe form has the power to change the way the world thinks about AI,” said Mark Lydon, managing director of Intel Capital. “Shape’s focus on strengthening the work economy is an essential part of our future, and we look forward to being at the forefront of supporting human development.”
Intel Capital’s $9 million investment in the figure cements the company’s position as a leading player in robotics and artificial intelligence. This partnership will provide Shape with the resources to accelerate development of Shape 01, their autonomous robot, and create an advanced AI data pipeline for autonomous operations. As Figure continues to make significant strides, the synergy between Figure and Intel Capital ensures a promising future for AI robotics.
Filed Under: Technology News, Top News
disclosure: Some of our articles include affiliate links. If you buy something through one of these links, togetherbe may earn an affiliate commission. Learn about our disclosure policy.