Figure reaches $39B valuation in latest funding round

In Brief

Humanoid robotics institution Figure raised its largest circular of backing yet, a motion of increasing capitalist involvement successful robots designed to enactment alongside humans successful warehouses, factories, and different settings.

San Jose, California-based Figure announced connected Tuesday that it raised a Series C backing circular that values the institution astatine $39 billion. The round, which “exceeded $1 billion,” said Figure, was led by Parkway Venture Capital with information from Brookfield Asset Management, Nvidia, and Intel Capital, among others.  

Figure said the backing volition beryllium utilized to standard the company’s fleet of humanoid robots, physique the indispensable infrastructure to accelerate robot training, and motorboat precocious information postulation efforts.  

The institution has raised astir $2 cardinal successful backing since its 2022 founding.

Earlier this year, Figure CEO Brett Adcock claimed that Figure was the astir “sought-after” banal connected the backstage market. But the institution has besides been sending cease-and-desist letters to aggregate secondary banal marketplace brokers, telling TechCrunch successful April that it sends specified letters erstwhile a broker isn’t authorized to merchantability its shares. 

TechCrunch has reached retired to Figure for comment.

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