Figure secures 1B funding to scale humanoid robots

Figure, a humanoid robotics startup, has secured over $1 billion in a Series C round, valuing the company at $39 billion. This significant funding boost will enable Figure to expedite the commercialization of its humanoid robots, aiming to introduce them into homes and various commercial settings on a larger scale.

This development underscores the increasing proximity of AI-driven robotics to real-world applications, prompting support from semiconductor, compute, and venture ecosystems to facilitate this transition.

Major Investors Backing the Venture

The Series C round was spearheaded by Parkway Venture Capital, with notable contributions from investors such as Brookfield Asset Management, NVIDIA, Macquarie Capital, Intel Capital, and several others. Figure expressed gratitude for the support, emphasizing the importance of this milestone in advancing humanoid robotics and expanding its AI platform and manufacturing capabilities.

With a diverse group of investors on board, Figure solidifies its position as a well-funded leader in the field of humanoid robotics, benefitting from the financial expertise and strategic insights of its backers.

Advancements in AI and Manufacturing

The newly acquired capital will be allocated to three primary areas of focus. Firstly, Figure plans to ramp up production at its BotQ manufacturing line to facilitate the deployment of robots in residential and commercial settings. Secondly, the company aims to enhance its GPU infrastructure to accelerate training and simulation processes, leveraging its Helix platform for improved perception, reasoning, and control.

Moreover, Figure intends to implement advanced data collection methods, including human video and multimodal sensory inputs, to enhance the adaptability of its robots in dynamic environments.

By investing in cutting-edge GPU and AI technologies, Figure not only strengthens its position in the humanoid robotics market but also signals a growing demand for compute innovation within the European electronics and semiconductor landscape as humanoid robotics moves closer to widespread adoption.