Figure Humanoid Robot Secures $1B Funding, Hits $39B Valuation in Series C Round

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. 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. However, the company has faced challenges with unauthorized secondary market trading and has issued cease-and-desist letters to brokers attempting to sell its shares without approval. This milestone underscores strong investor confidence in embodied AI's potential to integrate robots into human workspaces.