Humanoid robotics company Figure has raised its largest round of funding to date. This significant investment is a clear signal of the growing interest from investors in robots designed to work alongside people in environments like warehouses and factories.
Based in San Jose, California, Figure announced the successful closure of its Series C funding round on Tuesday. This round values the company at an impressive thirty-nine billion dollars. The funding, which the company stated exceeded one billion dollars, was led by Parkway Venture Capital. The round also saw participation from Brookfield Asset Management, Nvidia, and Intel Capital, among other investors.
Figure stated the new capital will be used to scale up its fleet of humanoid robots. The funds will also support building the necessary infrastructure to accelerate robot training and will launch advanced data collection efforts. Since its founding in 2022, the company has now raised close to two billion dollars in total funding.
Earlier this year, Figure CEO Brett Adcock claimed the company was the most sought-after stock on the private market. However, the company has also been sending cease-and-desist letters to multiple secondary stock market brokers. The company told TechCrunch in April that it sends such letters when a broker is not authorized to sell its shares. TechCrunch has reached out to Figure for additional comment.