Figure AI Raises $1B Series C, Valuation Soars to $39B

Figure AI, a California-based robotics company, has successfully closed a Series C funding round, securing over $1 billion and achieving a valuation of $2.6 billion. Arcapita Group Holdings and Parkway Venture Capital, two of the company's principal backers, announced the funding. The round was led by Parkway Venture Capital and included a substantial strategic investment from Brookfield Asset Management. NVIDIA, Salesforce, LG Technology Ventures, Intel Capital, T-Mobile Ventures, and Macquarie Capital also participated. Figure AI intends to utilize the capital to accelerate the development of its autonomous, general-purpose humanoid robots, targeting applications in commercial and industrial sectors. Figure AI's robots are engineered to alleviate global labor shortages and improve workplace safety. As part of a strategic alliance, Brookfield Asset Management will provide Figure AI with access to its extensive portfolio of over 100,000 residential units to facilitate technological advancements. Arcapita and Parkway, both long-term investors in Figure AI since its Series A and B rounds, consider this investment a strategic move to position regional investors as leaders in the global AI landscape. Their investment portfolio also encompasses other advanced technology companies such as xAI, OXOS Medical, and SandboxAQ. For Arcapita, this investment underscores its dedication to connecting regional capital with global innovation.