Company intelligence
As of September 1, 2025, Figure was last valued at $39B (September 2025 Series C).
Humanoid robotics company; raised a $1B+ Series C at a $39B post-money valuation in September 2025.
Figure is a San Jose-based company developing general-purpose humanoid robots.[1] Its first-generation robot, F.01, took its first steps in May 2023.[2] Its robots run on Helix, Figure's AI system for embodied intelligence, and are built at BotQ, the company's high-volume manufacturing facility.[3] By April 2026 BotQ had delivered more than 350 Figure 03 robots and reached a rate of one robot per hour.[3],[4] The company said the money would fund humanoid production at BotQ, GPU infrastructure for training, and data collection.[5]
Figure builds general-purpose humanoid robots; it reported more than $1 billion of Series C commitments at a $39 billion post-money valuation in September 2025.
Brett Adcock founded Figure AI in May 2022, and the company exited stealth in January 2023. In its first year it worked from offices in Sunnyvale, California, and hired from Boston Dynamics, Tesla, Apple and automotive manufacturers; TechCrunch reported in May 2023 that the assembled robot took its first step just ahead of the company's one-year anniversary. By the time of its Series B in February 2024 the team was about 80 people, including veterans of Boston Dynamics, Google DeepMind and Tesla.[1],[2],[3]
BMW began testing a Figure robot at its Spartanburg, South Carolina plant in January 2024. Figure later reported the results of an 11-month Figure 02 deployment there: robots on an active assembly line every working day, running a 10-hour shift Monday through Friday, loading more than 90,000 sheet-metal parts over 1,250-plus hours of runtime and contributing to the production of more than 30,000 X3 vehicles. The forearm was the top hardware failure point, and Figure re-architected the wrist electronics for Figure 03 as a result.[1],[4],[5]
In late August 2026 Figure announced Index, an effort to build what it calls the most diverse humanoid training dataset ever assembled, generating 35 minutes of data every second. A week later it signed a compute deal with Nscale to deploy the NVIDIA Vera Rubin platform for up to 100,000 GPUs, targeted for initial deployment in the second half of 2027 in Barstow, Texas. Figure says it is now largely bound by the data and compute needed to train Helix.[6]
Adcock self-financed a $100 million seed to get the company running. In May 2023 Figure announced a $70 million Series A led by Parkway Venture Capital, with Aliya Capital, Bold Ventures, Tamarack Global, FJ Labs and Till Reuter, the CEO of Kuka Robotics, participating. The Robot Report's timeline also lists a $9 million venture round in July 2023.[2],[1],[3]
On February 29, 2024 Figure confirmed a $675 million Series B that valued the Sunnyvale-based company at $2.6 billion; the source says "now valued at" without specifying pre- or post-money. Investors included Microsoft, OpenAI Startup Fund, NVIDIA, Amazon Industrial Innovation Fund, Jeff Bezos through Bezos Expeditions, Parkway Venture Capital, Intel Capital, Align Ventures and ARK Invest. Qatalyst Partners advised Figure. The company said it would use the money for AI training, manufacturing more robots and hiring engineers to get production units to market in 2024-2025.[1]
On September 16, 2025 Figure said it had exceeded more than $1 billion in committed capital through its Series C at a post-money valuation of $39 billion. Parkway Venture Capital led, with significant investment from Brookfield Asset Management, NVIDIA, Macquarie Capital, Intel Capital, Align Ventures, Tamarack Global, LG Technology Ventures, Salesforce, T-Mobile Ventures and Qualcomm Ventures. The stated uses were scaling production at BotQ and real-world deployments, building GPU infrastructure for training and simulation, and data collection from human video and multimodal sensors. Brookfield's investment came as part of a broader partnership announced the following day.[7],[8]
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Figure is a robotics company, based in San Jose, California, USA, founded 2022 by Brett Adcock.
| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Sep 2025 | Series C | $1B+ | $39Bpost-money | WithBrookfieldIntelMacquarie CapitalNvidiaQualcommSalesforceT-Mobile VenturesAlign VenturesTamarack Global | Wikipedia |
| Feb 29, 2024 | Series B | $675M | $2.6Bpost-money | — | therobotreport.com |
| May 2023 | Series A | $70M | — | Parkway Venture Capitalunverified | TechCrunch |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Parkway Venture Capital led Figure's $70 million Series A in May 2023.[6] In September 2025 Figure said it had passed $1 billion in committed capital in a Series C at a $39 billion post-money valuation.[5]
Figure AI at a private $39B valuation and China's Unitree pursuing a Shanghai STAR Market listing represent two very different paths to a robotics IPO -- and neither looks genuinely ready by the disclosure standards Cerebras and SpaceX have just set.
Humanoid robot startups have raised $8.6B in 2026 alone, already 1.8x all of 2025 -- but the more useful signal is production data: Figure is shipping past 1,000 units and AgiBot has 15,000 cumulative units in the field.
Figure AI has now built 1,000 Figure 03 units and deployed over 10,000 across partner warehouses including BMW Spartanburg, while Tesla's Optimus V3 begins a low-volume Fremont ramp -- physical AI is shifting from demos to a real manufacturing race.
Unitree's Shanghai IPO, with secondary-market chatter running toward $14.8 billion against a $6.2 billion base, is about to give the humanoid-robotics sector its first transparent public price -- a sharp contrast to Figure's opaque $39 billion private mark.
In September 2025 Figure said it had passed $1 billion in committed capital in a Series C at a $39 billion post-money valuation.[5]
Founder and CEO Brett Adcock financed the company's first $100 million himself.[6]
Figure is a San Jose-based company developing general-purpose humanoid robots.[1]
Lead investors in Figure's sourced funding rounds include Parkway Venture Capital. Per round: its September 2025 Series C was led by Parkway Venture Capital; its May 2023 Series A was led by Parkway Venture Capital.
Figure was founded in 2022 and is headquartered in San Jose, California, USA, according to Wikipedia.
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.
