Figure, a company specializing in humanoid robotics, has secured its largest funding round to date, reflecting a surge in investor enthusiasm for robots intended to work collaboratively with people in environments like factories and warehouses.
On Tuesday, Figure, headquartered in San Jose, California, revealed it closed a Series C financing round, giving the company a valuation of $39 billion. The round, which Figure stated surpassed $1 billion, was led by Parkway Venture Capital and also included Brookfield Asset Management, Nvidia, Intel Capital, and others.
According to Figure, the funds will go towards expanding its humanoid robot lineup, developing the infrastructure needed to speed up robot training, and beginning more advanced data gathering initiatives.
Since its launch in 2022, the company has accumulated close to $2 billion in investments.
Earlier this year, CEO Brett Adcock described Figure as the most “in-demand” stock in the private sector. However, the company has also issued cease-and-desist notices to several secondary stock market brokers, telling TechCrunch in April that it does so when a broker tries to sell its shares without authorization.
TechCrunch has contacted Figure for a statement.
