Some Bay Area-based companies just got a funding boost for humanoid robots.
Figure AI, based in Sunnyvale, just notched venture investments to the tune of $675 million, valuing the company, which makes humanoid robots, at $2.6 billion.
"The whole goal here is to have billions of these in the market and actually be in the home," said Gregg Hill, a VC investing in Figure AI.
Hill said the point of these bots is not to intimidate people but to help make people's lives easier.
"We're all very busy. Imagine a robot doing your dishes, washing your clothes, looking after your kids' safety. A robot watching your house. It's kinda of endless possibilities. It's AI in the physical world,” he said.
Also in the physical world is Electric Sheep, which is based in San Jose. Company officials say their product is also a helpful robot, using AI to get smarter about mowing your lawn. It's also venture-backed and also has big plans for expansion.
"We see billions of these cute, Wall-E, animal-like caretaker robots out there to help us and take care of the planet in a sustainable manner," said Nag Murty, CEO of Electric Sheep Robotics.
Scott Budman has more in the video above.
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