Startup Raises $70 Million to Develop Human-Like Robot

An AI robot titled "Alter 3: Offloaded Agency," is pictured during a photocall to promote the exhibition entitled "AI: More than Human," at the Barbican Centre in London on May 15, 2019. Ben Stansall/AFP via Getty Images

An AI robotics startup from California has raised over $70 million to build a humanoid robot that the company expects will be used to do a wide range of manual labor.

Sunnyvale-based Figure is developing Figure 01, which the company thinks will resolve labor shortages, support the global supply chain, and perform dangerous tasks. Figure has raised $70 million to develop its android.