Figure

Summary

Figure, a San Jose–based robotics startup, announced it has closed a Series C round of over $1 billion, bringing its valuation to about $39 billion. The round was led by Parkway Venture Capital, with participation from Nvidia, Intel Capital, LG Technology Ventures, Salesforce, T-Mobile Ventures, Qualcomm Ventures, Brookfield Asset Management, Macquarie Capital, Align Ventures, and Tamarack Global. Figure builds humanoid robots (such as the Helix and BotQ) for home and commercial use. The company plans to use the new funding to scale production of its robots, expand AI training and simulation infrastructure, and double down on data collection to improve performance. This massive round comes amid a surge in VC interest in humanoid AI robots as companies address labor shortages in logistics, manufacturing, and home services.