San Jose-based Figure AI has secured over $1 billion in its latest funding round, propelling its valuation to $39 billion. The Series C round was led by Parkway Venture Capital, with notable contributions from Brookfield Asset Management, Nvidia, and Intel Capital.
Investment Allocation:
- Scaling production of humanoid robots for warehouse and factory deployment
- Building advanced infrastructure for AI and robotics training
- Expanding data collection initiatives for machine learning capabilities
Since its founding in 2022, Figure has raised nearly $2 billion in total funding. CEO Brett Adcock has touted Figure as the "most sought-after" private market stock, though the company has faced challenges with unauthorized secondary market trading.
Key Milestones:
- Series C valuation: $39 billion
- Total funding since 2022: ~$2 billion
- Lead investor: Parkway Venture Capital
- Strategic investors: Brookfield, Nvidia, Intel Capital
The substantial funding reflects strong investor confidence in Figure's vision of integrating robots into human workspaces, particularly in logistics and manufacturing applications.
Source: https://ai-damn.com/figure-humanoid-robot-secures-1b-funding-hits-39b-valuation-1758150723538
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