AI Robotics Startup Figure Secures $1 Billion+ Funding, Reaches $39 Billion Valuation

Robotics startup Figure valued at $39 billion in latest funding round

Sept 16 (Reuters) - AI robotics company Figure said on Tuesday it had received over $1 billion in committed capital in its latest funding round that valued the firm at $39 billion post money. The series C round was led by Parkway Venture Capital, and also saw participation from industry majors such as NVIDIA (NVDA.O), opens new tab, Intel Capital, LG Technology Ventures, Salesforce (CRM.N), opens new tab, T-Mobile Ventures, and Qualcomm Ventures. Venture capital firms have been pouring massive amounts into companies that leverage artificial intelligence, helping them stay private for longer. U.S. startup funding is set to hit its second-highest total on record, up 75.6% in the first half of 2025, driven by the ongoing AI surge, according to a report by Pitchbook. Figure's new funding round also valued the autonomous robot developer sharply higher than the $2.6 billion last year, when it secured $675 million from investors such as Microsoft (MSFT.O), opens new tab and Amazon.com (AMZN.O), opens new tab founder Jeff Bezos. Major tech companies such as Nvidia, Meta Platforms (META.O), opens new tab and Tesla (TSLA.O), opens new tab, along with various startups, are racing to develop humanoid robots to tackle labor shortages and handle repetitive, hazardous tasks in logistics, manufacturing and household chores. San Jose, California-based Figure will use the capital to scale humanoid robots into homes and commercial operations, build on its infrastructure to accelerate training and simulation, and double down on its data collection efforts. "This milestone is critical to unlocking the next stage of growth for humanoid robots, scaling out our AI platform Helix and BotQ manufacturing," said Brett Adcock, founder and CEO of Figure. Figure's funding round also saw investment from other big investors such as Brookfield Asset Management (BAM.TO), opens new tab, Macquarie Capital, Align Ventures and Tamarack Global. Reporting by Pritam Biswas in Bengaluru; Editing by Leroy Leo Our Standards: The Thomson Reuters Trust Principles., opens new tab

Humanoid robot startup Figure raises $1B+ at $39B valuation - SiliconANGLE

Figure AI Inc. today announced that it raised a funding round worth more than $1 billion from a group of prominent investors. Parkway Venture Capital led the Series C deal. It was joined by Nvidia Corp., Intel Capital, Qualcomm Ventures, Salesforce Inc., LG Technology Ventures, T-Mobile Ventures and other institutional backers. Figure AI is now worth $39 billion, 15 times more than the valuation it received following its previous funding round last year. Figure AI develops humanoid robots that can automate repetitive work in factories and perform household chores. The company's flagship system, Figure 02, debuted last year. Figure says that the robot's hands have "human-equivalent strength" with 16 degrees of freedom, a metric that measures how many motions they can perform. A human hand has 27 degrees of freedom. In March, Figure detailed that it had completed the development of a new robot called the Figure 03. The company designed "almost the entire robot from scratch" including the actuators and motors it uses to move. Figure 03 also includes a custom battery pack with 2.3kWh of capacity, which allows the robot to operate for up to five hours per charge. The company plans to manufacture the system at a factory called BotQ that it revealed in March. Figure will use the funding round announced today to expand the facility's production capacity. The company's initial goal for BotQ is to make 12,000 robots per year. In the long term, Figure plans to grow that number "considerably." The company will use some of the robots it will manufacture to automate BotQ's production lines. The factory uses custom software to coordinate the manufacturing workflow, measure production efficiency and track parts. It's equipped with more advanced machinery than the facilities Figure relied on until now. According to the company, parts that previously took over a week to produce can be manufactured in about 20 seconds at BotQ. Figure will also use its new funding to enhance Helix, the artificial intelligence model that powers its robots. Helix is a so-called VLA, or vision-language-action, model. It can analyze visual data from a Figure robot's sensors, take actions based on that data and process natural language instructions from users. Teaching a robot to interact with a new object usually requires manual programming. Figure says that a Helix-equipped machine can pick up certain household items even if it hasn't encountered them before. Additionally, the AI model enables two robots to collaborate with one one another on tasks such as putting away the groceries. The funding round will enable Figure to build new AI training infrastructure powered by Nvidia Corp. graphics cards. According to the company, its engineers will use the hardware to enhance Helix's perception and reasoning skills. Figure also plans to enhance the multimodal datasets it uses to train the model.

Humanoid Robot Company Figure Is Valued at $39 Billion. Its Goal Is 'Human-Level Intelligence'

Humanoid robot-maker Figure announced on Tuesday that it surpassed more than $1 billion in committed capital via a funding round that values the company at a whopping $39 billion -- up from $2.6 billion last year. Figure plans to use the funding to scale its AI platform, called Helix, and its robot manufacturing facility, BotQ. "Today we are announcing over a billion dollars of funding. The team is in place, the robots are built, and the path ahead is clear," CEO Brett Adcock said in a video alongside Figure's announcement. Parkway Venture Capital led the series C round, which included investment from Brookfield Asset Management, NVIDIA, Macquarie Capital, Intel Capital, Align Ventures, Tamarack Global, LG Technology Ventures, Salesforce, T-Mobile Ventures, and Qualcomm Ventures. "Support from new partners, alongside the continued backing of our existing investors, reflects both Figure's position as the market leader and a shared belief in a future where this technology becomes a natural part of daily life," the company wrote in a blog post. The company said the funding will support efforts to expand manufacturing and deploy its robots into homes and businesses to assist with household and workforce tasks. Figure is also working to build out its computing infrastructure for the purposes of training and simulation, and ramp up data collection to help its robots function in complicated settings, according to the blog. This latest round of funding has reportedly been in the works for quite some time. Bloomberg reported in mid-February that Figure was in talks to raise more funding, on the back of a so-called technological breakthrough. Later that month, Figure unveiled Helix for the first time. The proprietary model allows Figure's robots to pick up unfamiliar objects, collaborate on tasks with other robots and control their upper bodies. Just last month, Figure released a video that showed what Adcock called in a LinkedIn post the "new Helix walking controller" that enabled one of its robots to smoothly navigate uneven terrain without making use of its cameras. Previously, Figure announced a $675 million series B round of funding, which closed in February 2024, and valued the company at $2.6 billion. In August of that year, it unveiled its next-gen Figure 02 robot. Adcock founded Figure in 2022 with the goal of making humanoid robots that are just as intelligent as actual humans. (Adcock is a serial founder, also known for co-founding Archer Aviation and Vettery, which became Hired.) Figure is among the most prominent companies working in the humanoid robotics space, alongside rivals like Tesla, which is working on its Optimus robot, and Boston Dynamics. Figure has backing from major names in tech including Microsoft, OpenAI, and Jeff Bezos, Bloomberg reported. "Figure's goal is to solve general robots. This is a really hard problem," Adcock said. "For the first time in history the right technologies exist to make that possible: robots that can achieve human-level intelligence." Watch the video, below: The extended deadline for the 2025 Inc. Best in Business Awards is this Friday, September 19, at 11:59 p.m. PT. Apply now.

Robotics startup Figure valued at $39 billion in latest funding round - The Economic Times

Figure's new funding round also valued the autonomous robot developer sharply higher than the $2.6 billion last year, when it secured $675 million from investors such as Microsoft and Amazon.com founder Jeff Bezos.AI robotics company Figure said on Tuesday it had received over $1 billion in committed capital in its latest funding round that valued the firm at $39 billion post money. The series C round was led by Parkway Venture Capital, and also saw participation from industry majors such as Nvidia , Intel Capital, LG Technology Ventures, Salesforce , T-Mobile Ventures, and Qualcomm Ventures. Venture capital firms have been pouring massive amounts into companies that leverage artificial intelligence, helping them stay private for longer. US startup funding is set to hit its second-highest total on record, up 75.6% in the first half of 2025, driven by the ongoing AI surge, according to a report by Pitchbook. Figure's new funding round also valued the autonomous robot developer sharply higher than the $2.6 billion last year, when it secured $675 million from investors such as Microsoft and Amazon.com founder Jeff Bezos. Major tech companies such as Nvidia, Meta Platforms and Tesla, along with various startups, are racing to develop humanoid robots to tackle labor shortages and handle repetitive, hazardous tasks in logistics, manufacturing and household chores. San Jose, California-based Figure will use the capital to scale humanoid robots into homes and commercial operations, build on its infrastructure to accelerate training and simulation, and double down on its data collection efforts. "This milestone is critical to unlocking the next stage of growth for humanoid robots, scaling out our AI platform Helix and BotQ manufacturing," said Brett Adcock, founder and CEO of Figure. Figure's funding round also saw investment from other big investors such as Brookfield Asset Management, Macquarie Capital, Align Ventures and Tamarack Global.

Robotics startup Figure valued at $39 billion in latest funding round

(This story has been refiled to remove the picture) (Reuters) - AI robotics company Figure said on Tuesday it had received over $1 billion in committed capital in its latest funding round that valued the firm at $39 billion post money. The Series C round was led by Parkway Venture Capital, and also saw participation from industry majors such as Nvidia, Intel Capital, LG Technology Ventures, Salesforce, T-Mobile Ventures, and Qualcomm Ventures. Venture capital firms have been pouring massive amounts into companies that leverage artificial intelligence, helping them stay private for longer. U.S. startup funding is set to hit its second-highest total on record, up 75.6% in the first half of 2025, driven by the ongoing AI surge, according to a report by Pitchbook. Figure's new funding round also valued the autonomous robot developer sharply higher than the $2.6 billion last year, when it secured $675 million from investors such as Microsoft and Amazon.com founder Jeff Bezos. "Investors increasingly view humanoids in the same league as foundational AI models or EVs," said Ali Javaheri, emerging technology analyst at PitchBook. "The surge in VC interest in humanoids is being driven by structural demand-side factors like aging workforces and geopolitical competition, paired with supply-side advances in AI software and hardware breakthroughs." Startups and major tech companies such as Nvidia, Meta Platforms and Tesla are racing to develop humanoid robots to tackle labor shortages and handle repetitive, hazardous tasks in logistics, manufacturing and household chores. San Jose, California-based Figure will use the capital to scale humanoid robots into homes and commercial operations, build on its infrastructure to accelerate training and simulation, and double down on its data collection efforts. "This milestone is critical to unlocking the next stage of growth for humanoid robots, scaling out our AI platform Helix and BotQ manufacturing," Figure founder and CEO Brett Adcock said. Figure's funding round also saw investment from other big investors such as Brookfield Asset Management, Macquarie Capital, Align Ventures and Tamarack Global. (Reporting by Pritam Biswas in Bengaluru; Editing by Leroy Leo)