Figure AI Secures $1B Series C Funding, Valuation Hits $39B

San Jose-based Figure AI, a leader in humanoid robotics, announced it 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. The newly acquired funds will be allocated toward scaling production of Figure's humanoid robots for deployment in warehouses and factories, building advanced infrastructure to expedite AI and robotics training, and expanding data collection initiatives to enhance machine learning capabilities. CEO Brett Adcock has touted Figure as the 'most sought-after' private market stock. Since its founding in 2022, Figure has raised nearly $2 billion in total funding, reflecting strong investor confidence in its vision of integrating robots into human workspaces.