Summary:
Figure AI raised over $1 billion in Series C funding, achieving a $39 billion valuation.
The round was led by Parkway Venture Capital with participation from Nvidia, Intel, and other tech giants.
Valuation surged from $2.6 billion last year, highlighting rapid growth in the AI robotics sector.
Funding will be used to scale humanoid robots for commercial and home use, and enhance AI training infrastructure.
Investor interest is driven by factors like aging workforces and advancements in AI hardware and software.
Figure AI's Funding Triumph
AI robotics company Figure announced on Tuesday that it has secured over $1 billion in committed capital in its latest Series C funding round, valuing the firm at a staggering $39 billion post-money. This round was led by Parkway Venture Capital and included participation from industry leaders such as Nvidia, Intel Capital, LG Technology Ventures, Salesforce, T-Mobile Ventures, and Qualcomm Ventures.
Venture capital firms are increasingly investing heavily in companies leveraging artificial intelligence, enabling them to remain private for extended periods. According to a report by PitchBook, U.S. startup funding is on track to reach its second-highest total on record, with a 75.6% increase in the first half of 2025, driven by the ongoing AI boom.
Figure's valuation has skyrocketed from $2.6 billion last year, when it raised $675 million from investors including Microsoft and Amazon.com founder Jeff Bezos. Ali Javaheri, an emerging technology analyst at PitchBook, noted, "Investors increasingly view humanoids in the same league as foundational AI models or EVs. 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, including Nvidia, Meta Platforms, and Tesla, are competing to develop humanoid robots to address labor shortages and handle repetitive, hazardous tasks in logistics, manufacturing, and household chores.
Based in San Jose, California, Figure plans to use the new capital to scale its humanoid robots into homes and commercial operations, enhance its infrastructure for accelerated training and simulation, and intensify data collection efforts. Brett Adcock, founder and CEO of Figure, stated, "This milestone is critical to unlocking the next stage of growth for humanoid robots, scaling out our AI platform Helix and BotQ manufacturing."
Additional investors in this round include Brookfield Asset Management, Macquarie Capital, Align Ventures, and Tamarack Global.
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