Figure AI Secures $1B+ at $39B Valuation for Humanoid Robot Scale

Figure AI, a startup specializing in the development of humanoid robots, has successfully secured over $1 billion in committed capital during its Series C funding round, valuing the company at $39 billion post-money. This significant increase from its previous $2.6 billion valuation last year, when it raised $675 million, highlights robust investor confidence in the burgeoning humanoid robotics sector. The substantial capital injection, which has been in development throughout much of the year, underscores the market's enthusiasm. The Series C funding round was spearheaded by Parkway Venture Capital and saw participation from prominent technology firms, including Nvidia, Intel Capital, LG Technology Ventures, Salesforce, T-Mobile Ventures, and Qualcomm Ventures. Figure AI intends to utilize these funds to scale the production of its humanoid robots for deployment in both residential and commercial environments. Additionally, the investment will support the enhancement of its infrastructure for accelerated training and simulation, as well as fuel broader expansion initiatives. This investment reflects a wider trend of significant venture capital flowing into artificial intelligence companies. According to an analysis cited by Reuters, U.S. startup funding is projected to reach its second-highest total on record, primarily driven by the current surge in AI development. Industry analysts observe that investors now consider humanoid robots to be of similar strategic importance as foundational AI models or electric vehicles. This perception is influenced by factors such as aging workforces, increasing geopolitical competition, and rapid advancements in AI software and hardware.