"Humanoid robotics company Figure raised its largest round of funding yet, a sign of growing investor interest in robots designed to work alongside humans in warehouses, factories, and other settings. San Jose, California-based Figure announced on Tuesday that it raised a Series C funding round that values the company at $39 billion. The round, which "exceeded $1 billion," said Figure, was led by Parkway Venture Capital with participation from Brookfield Asset Management, Nvidia, and Intel Capital, among others."
"Figure said the funding will be used to scale the company's fleet of humanoid robots, build the necessary infrastructure to accelerate robot training, and launch advanced data collection efforts. The company has raised nearly $2 billion in funding since its 2022 founding. Earlier this year, Figure CEO Brett Adcock claimed that Figure was the most "sought-after" stock on the private market."
San Jose-based humanoid robotics company Figure raised a Series C round that valued the company at $39 billion and exceeded $1 billion. The round was led by Parkway Venture Capital with participation from Brookfield Asset Management, Nvidia, Intel Capital, and others. Figure said the funding will scale its fleet of humanoid robots, build infrastructure to accelerate robot training, and launch advanced data collection efforts. The company has raised nearly $2 billion since its 2022 founding. Earlier this year CEO Brett Adcock described Figure as a highly sought-after private market stock while the company has sent cease-and-desist letters to unauthorized secondary brokers.
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