#77 Humanoid Robotics Startup Raises $675 mn
At a $2.6 billion valuation
#LifeLessons
“Losers have goals, Winners have systems.” - Scott Adams
While the statement might come across as a bit harsh, it makes an interesting point. Discuss ☝️ with a big person.
Scott Adams is the creator of Dilbert - a rather famous business and work life cartoon character and series. The first Dilbert cartoon was written way back in 1989 😵💫.Humanoid Robotics startup Figure AI raises $675 million at a $2.6 billion valuation
Just about 2 years old, and more than $2 billion worth 🤯. Not hard to imagine if you thinking Robotics 🤖 + AI 🧠, is it? And thats exactly the market Figure AI operates in [we are really hoping you remember ‘market’ from the last few issues 🥸]. With a focus on creating a “general purpose” robot, that can operate like a human, Figure envisions these robots will work alongside us across various tasks; starting perhaps with physically laborious ones. Not just that, they will operate autonomously. Checkout the progress of their prototype version 👇👇👇.
Wait, what is..
Raise: When a startup “takes” money from investors, in exchange for share ownership in their company. This process of “taking” money is referred to as a Raise or raising money.
Valuation: Investors invest money is a Start Up or company by investing a certain amount of money. But how does one decide what % of the company such an investor should own? Well a key part of this is the valuation or loosely speaking value of the company. Geek out here.
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