Lowenstein Sandler represented Figure, an AI robotics company developing general purpose humanoid robots, in its $675M Series B funding round at a $2.6B valuation.
In conjunction with this investment, Figure entered into a collaboration agreement to develop next generation AI models for humanoid robots. The collaboration aims to help accelerate Figure's commercial timeline by enhancing the capabilities of humanoid robots to process and reason from language.
Figure is an AI robotics company developing autonomous general purpose humanoid robots. Its Humanoid is designed for initial deployment into the workforce to address labor shortages, jobs that are undesirable or unsafe, and to support supply chain on a global scale.
The Lowenstein deal team includes Ed Zimmerman, Chandra K. Shih, Anthony W. Raymundo, Mark P. Kesslen, Bryan Sterba, Chad M.P. Weeks, Tina Aoun, Claire Dronzek, Zarema A. Jaramillo, Diane Moss, Sydney J. Kaplan, Bonnie E. Schipper, and Chynara Tolubaeva.
About Lowenstein Sandler LLP
Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on venture and investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
