In areas from humanoid coworker bots to AI robot brains, startups developing some of the most scifi-esque applications of the technology scored the year's largest rounds. Big deals skewed early stage as well, indicating the cycle is likely just getting started. Illustrative of the trend is Figure, a 2-year-old startup dedicated to 'bringing a general purpose humanoid to life.' Founded in 2022, the Silicon Valley startup pulled in $675 million in Series B funding in February to further its vision of building robots to perform unsafe and undesirable jobs. Another example is the year's second-biggest round, which went to robot brain developer Physical Intelligence. The San Francisco startup, founded just this year, pulled in $400 million at a $2 billion valuation last month. Altogether, robotics-related startups secured around $7.2 billion in seed- through growth-stage investments in 2024, per Crunchbase data. That's slightly above year-ago levels, but still well below the 2021 market...
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