Figure Secures Major Funding Round, Signifying Strong Interest in Humanoid Robotics
San Jose, California – In a significant development for the humanoid robotics sector, Figure has successfully completed its largest funding round to date. This financial milestone underscores the increasing investor enthusiasm for robots designed to collaborate with humans in environments such as warehouses and manufacturing facilities.
Series C Funding Round Reaches $1 Billion
On Tuesday, Figure announced it has closed a Series C funding round that values the company at $39 billion. The round raised over $1 billion and was spearheaded by Parkway Venture Capital, with additional investment from major firms including Brookfield Asset Management, Nvidia, and Intel Capital.
Strategic Investment and Growth Plans
Figure intends to utilize this latest influx of capital to enhance its fleet of humanoid robots, as well as to develop the necessary infrastructure to expedite robot training processes. Furthermore, the company has set ambitious goals for advanced data collection initiatives, positioning itself to leverage data analytics for future developments.
Since its founding in 2022, Figure has attracted nearly $2 billion in total funding, reflecting robust confidence from the investment community in its vision for robotics.
Market Demand and Stock Activity
Earlier this year, CEO Brett Adcock highlighted Figure’s status as the most "sought-after" stock in the private market. Despite this popularity, the company has also taken proactive measures to protect its interests by issuing cease-and-desist letters to unauthorized secondary stock market brokers. In an April statement, Figure noted these actions are necessary when brokers attempt to sell its shares without proper authorization.
TechCrunch has reached out to Figure for further comments on this recent funding achievement and the company’s future plans.
As the landscape of robotics continues to evolve, Figure’s advancements in humanoid technology may play a crucial role in shaping the future of work alongside human operators.
Conclusion
The strong backing from notable investors and a clear strategy for growth positions Figure as a key player in the burgeoning field of humanoid robotics. As technology continues to advance, the implications for industries reliant on automation and human-robot collaboration are vast and promising.
