Figure Reaches $39B Valuation in Latest Funding Round

Figure Robotics Secures Significant Funding

Figure, a company specializing in humanoid robotics, has successfully completed its largest funding round to date. This achievement reflects increasing investor confidence in the potential of robots designed for collaborative work environments.

Series C Funding Details

Based in San Jose, California, Figure announced on Tuesday the closing of a Series C funding round. This round establishes the company’s valuation at $39 billion.

The funding, which surpassed $1 billion, was spearheaded by Parkway Venture Capital. Notable participants included Brookfield Asset Management, Nvidia, and Intel Capital.

Strategic Allocation of Funds

The capital raised will be strategically deployed to expand Figure’s fleet of humanoid robots. This includes building the infrastructure required for accelerated robot training programs.

Furthermore, the funding will support the implementation of advanced data collection initiatives, crucial for ongoing development and improvement.

Rapid Growth and Market Position

Since its inception in 2022, Figure has amassed nearly $2 billion in funding. This demonstrates a rapid trajectory of growth and investor enthusiasm.

Earlier this year, Brett Adcock, CEO of Figure, asserted the company’s stock was highly in demand within the private market.

Enforcement of Stock Transfer Restrictions

Figure has proactively issued cease-and-desist letters to several secondary stock market brokers. This action was taken when unauthorized sales of its shares were detected, as communicated to TechCrunch in April.

TechCrunch has contacted Figure for further commentary on these matters.