Silicon Valley startup Figure AI is in negotiations for a significant $1.5 billion investment, aiming for a staggering valuation of $39.5 billion. This figure marks a 15-fold increase from their previously established valuation of $2.6 billion after a $675 million Series B in the previous year. The funding round, potentially led by Align Ventures and Parkway Venture Capital, comes at a time when humanoid robots are experiencing heightened interest and investment due to advancements in AI technology. Figure AI has already supplied robots to BMW and anticipates further commercial contracts, planning to deliver up to 100,000 robots soon.
Figure AI's ambition to raise $1.5 billion at a $39.5 billion valuation highlights the significant growth and investor interest in humanoid robotics amid the AI boom.
With a post-money valuation 15 times higher than last year's figures, Figure AI's fundraising plans reflect the escalating demand for innovative robotics in commercial sectors.
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