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In 2013, Figure 1 launched with $2 million (CDN) in seed money invested by Rho Canada Ventures and Version One Ventures. In 2015, the company added $5 million (USD) to its Series A financing round, which was invested by Union Square Ventures, bringing the total investment round to $9 million (USD).

Figure 1 was developed as a platform to serve medical professionals and students by providing widespread access to information on medical cases and enable discussion among medical professionals.

Information shared through the platform include graphic images and videos of signs and symptoms for various diseases. 

The platform enables sharing of medical cases and discussion through a HIPAA compliant system.