Brett Adcock Net Worth – Founder of Figure Humanoid Robot

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Brett Adcock is an American entrepreneur who is the founder and Chief Executive Officer (CEO) of Figure AI. Figure AI is a company specializing in humanoid robots and they are building a general-purpose humanoid. Adcock is also the founder of Archer Aviation and Vettery. 

A few days ago, Adcock’s Figure AI raked in a whopping $675 million from big-name investors like Microsoft, Nvidia, and Jeff Bezos. The robotics startup is now valued at $2.6 billion. 

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Brett Adcock’s Net Worth

Brett Adcock’s net worth is $300 million. Adcock developed Archer Aviation, an electric aerospace firm that went public in September 2021 with a valuation of $2.7 billion on the New York Stock Exchange. 

Also, he founded Vettery, an online job board that was purchased by the Adecco Group purchased for $110 million. In February 2021, Archer was valued at close to $6 billion. 

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Education

Adcock started working on websites at the age of sixteen. These included Street of Walls, a content website, and an e-commerce site that sold outdoor gadgets. After that, he received his diploma from Central A&M High School as valedictorian.

He began his studies at the University of Florida’s Warrington College of Business, where he majored in engineering before earning a Bachelor of Science in Business Administration in 2008.

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Career

Brett Adcock began his career journey by founding several software and internet companies, including Street of Walls and Working.io, during the period from 2008 to 2012.

Following this, he delved into the online talent marketplace with Vettery in November 2012. Over the course of six years, Vettery assisted more than 20,000 companies across 18 global markets. In a significant move in February 2018, Vettery was acquired by The Adecco Group for $110 million.

In 2018, Brett took a new direction by entering the aerospace industry with the founding of Archer. This company is focused on developing an all-electric vertical takeoff and landing aircraft (eVTOL) to enhance urban mobility. 

Since May 2022, Brett Adcock has been contributing to the AI Robotics field with Figure AI. This Palo Alto-based company is dedicated to building a versatile humanoid robot designed for corporate tasks, addressing labor shortages, and handling jobs considered undesirable or unsafe. 

Adcock’s Figure team members worked for Tesla, Google DeepMind, Apple, Boston Dynamics, and Google. 

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Latest Update

Brett Adcock’s Figure AI raised $675M in Series B funding at a $2.6B valuation. Investors include Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos, Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. This funding will shorten Figure’s schedule for humanoid commercial deployment.

In addition to this, Figure and OpenAI also signed a partnership agreement to create next-generation AI models for humanoid robots, integrating OpenAI’s research with Figure’s extensive knowledge of robotics hardware and software. 

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