Robotics Startup Figure Achieves $39B Valuation in $1B+ Funding Round

AI robotics company Figure has announced the successful closure of its latest funding round, securing over $1 billion in committed capital. This latest financing round values the firm at $39 billion. The Series C round was led by Parkway Venture Capital, with significant participation from major industry players including Nvidia, Intel Capital, and Salesforce. This valuation represents a substantial increase from the company's previous valuation of $2.6 billion last year, demonstrating considerable investor confidence in Figure's future prospects. The investment also highlights a broader trend of increased venture capital interest in humanoid robotics, fueled by advancements in artificial intelligence and the potential to alleviate labor shortages across sectors such as logistics and manufacturing. Figure plans to utilize the newly acquired capital to expand the deployment of its humanoid robots into both commercial and home settings. The funds will also support the enhancement of its infrastructure, accelerating robot training and simulation, and broadening data collection initiatives. This substantial capital infusion underscores Figure's ambitious growth strategy, centered on advancing AI-powered humanoid robotics.