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    Meet Figure CEO Brett Adcock: The AI Robot Billionaire

    Rayan

    By Rayan - Apr 28, 2024 | Updated On: 24 May, 2024 | 3 min read

    By Rayan , 3 min read - Apr 28, 2024

    Updated On: 24 May, 2024

    Figure CEO Brett Adcock. Image Credit: Social Media.




  • What do Elon Musk, Steve Jobs, and Brett Adcock commonly share? They are all mad geniuses and passionate about technology and science. You have heard about the former two, but what about the latter?

    Meet the Figure CEO Brett Adcock, who is transforming the world of humanoid robots just like Japanese roboticist Hiroshi Ishiguro.

    Adcock is the founder of Robot Maker ‘Figure,’ a company valued at $2.6 Billion. Therefore, he has the nickname of AI Robot billionaire. Founded in 2022, Figure AI’s first humanoid robot, Figure 01, can perform everyday tasks autonomously.




  • Figure, an AI Robot Company: Tough Competition to Tesla and Atlas Robot

    Brett Adcock, an Illinois native, wanted to focus on AI technology, and that’s how he founded the Figure company.

    The Figure is an AI robotics company that builds a general-purpose humanoid robot. The company is looking to gear up the labor crisis occurring in crucial industries, including shipping & logistics, warehousing, and retail.

    Figure CEO Brett Adcock

    Figure CEO Brett Adcock. Image Credit: Social Media.

    Just like Figure, Israel also launched its Menteebot Humanoid robot, which can work alongside humans in risky situations and can easily perform monotonous tasks. 

    Figure 01 combines the skill of the human form with cutting-edge AI to go beyond single-function robots and provide assistance in manufacturing, logistics, warehousing, and retail.




  • Meeting The Figure CEO Brett Adcock

    Brett Adcock is a serial technology entrepreneur who grew up outside Moweaqua, Illinois, on his family’s farm before graduating from the University of Florida with a business degree in 2008.

    After graduation, Brett worked on Wall Street and founded two other startups. In November 2012, he founded Vettery, an online talent marketplace or, let’s say, a job-hunting site. Later, Vettery acquired its rival ‘hired.com.’

    In October 2018, Adcock founded Archer Aviation, an aerospace company that built an all-electric vertical takeoff and landing aircraft (flying cars).

    Figure CEO Brett Adcock

    Figure CEO Brett Adcock. Image Credit: Social Media.

    By his late 20s, Adcock was already a multi-millionaire. He owned Archer’s stocks, and he had additional capital of his own. So, in May 2022, Brett decided to build the Figure.




  • By August 2022, figure CEO Brett Adcock had eight employees. Today, they have some of the best engineers and dedicated employees.

    Adcock’s Robot startup company is so far working out of the converted warehouse offices in Sunnyvale, California. Less than two years of its establishment, Figure has been able to lure some of the renowned investors.

    ALSO READ: Delivery Drone Startup Zipline Founders: Their Journey To 1 Million Deliveries

    Startup Figure AI Valued At $2.6 Billion

    In January 2024, Figure AI collaborated with BMW to put Figure’s robots to work at the German automaker’s Spartanburg, South Carolina manufacturing plant.




  • Figure AI just got a big vote of confidence in artificial intelligence from some of the largest named. A few weeks later, the company raised $675 million at a valuation of $2.6 billion. Adcock had a major investment from his new buddy, OpenAI CEO Sam Altman.

    The investors include Jeff Bezos, Nvidia, OpenAI Startup Fund, and Microsoft. The Figure also signed a collaboration with OpenAI to develop AI models for the next generation of humanoid robots.

    Figure CEO Brett Adcock

    Figure CEO Brett Adcock. Image Credit: Social Media.

    The valuation makes the Figure CEO Brett Adcock a new billionaire who owns about 50% of the Sunnyvalem California company. He is worth an estimated $1.4 billion from his Figure stake and shares from previous startups.

    Similarly, you might also be interested in learning more about LlamaIndex Founder Jerry Liu.




  • Robot Workers May Soon Be Reality

    Companies like BMW are exploring putting figure robots into their factory line. In the global robotics landscape, tech companies are keen to invest in robots powering the future of work.

    As part of a partnership with Agility Robotics, in 2023, Amazon has delayed more than 750,000 robots to capitalize further on AI opportunities.

    Humanoid robots hold great business potential in key industries, including technology, healthcare, and manufacturing.

    Robots and humans could coexist in the workplace while anxieties over AI replacing human workforces exist.




  • FAQs

    Q. Who is Brett Addock?

    A. He is an American technology entrepreneur and founder of Figure.

    Q. What is the net worth of Brett Addock?




  • A. His net worth is estimated to be $66.4 million.

    Q. Who is the founder of Vettery?

    A. Brett Adcock and Adam Goldstein are the founders of Vettery.




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