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Figure reaches $39B valuation in latest funding round
Figure, a humanoid robotics company based in San Jose, has raised a Series C funding round, valuing it at $39 billion. The round exceeded $1 billion and was led by Parkway Venture Capital, with investment from Brookfield, Nvidia, and Intel Capital. The funds will be used to expand the robotics fleet and infrastructure. Figure has raised nearly $2 billion since its founding in 2022.
Key points
- Figure raised over $1 billion in Series C funding, bringing its valuation to $39 billion.
- The funding was led by Parkway Venture Capital with support from Brookfield, Nvidia, and Intel Capital.
- The funds will focus on scaling humanoid robots, enhancing training infrastructure, and improving data collection.
- Figure has raised nearly $2 billion since its inception in 2022, indicating strong investor confidence in humanoid robotics.
- The CEO claims Figure is a highly sought-after stock in private markets.
- The company is actively enforcing share trading regulations by sending cease-and-desist letters to unauthorized brokers.
Why it matters
- The rise of humanoid robotics aligns with increasing automation trends seen in various industries, emphasizing the importance of collaboration between humans and robots.
- Investment in robotics and AI has surged post-2020, with similar funding rounds reported for tech companies enhancing automation and efficiency.
- In 2025, expectations for workforce automation are set to rise, potentially transforming sectors like logistics, manufacturing, and construction.
Figure's significant funding success reflects a robust market interest in humanoid robotics as a key player in future workforce automation across various industries.