Silicon Valley robotics startup Figure AI is reportedly negotiating a monumental $1.5 billion funding round that would skyrocket its valuation to $39.5 billion, according to Bloomberg.
A 15x Leap in Market Valuation
This potential deal represents a staggering 15-fold increase compared to the company’s $2.6 billion post-money valuation achieved during its $675 million Series B round just last year. Industry insiders suggest the current round is set to be spearheaded by Align Ventures and Parkway Venture Capital.
The Humanoid Robotics Boom
Figure AI specializes in developing advanced humanoid robots designed for both commercial and residential applications. The sector has seen explosive interest fueled by the broader artificial intelligence surge; for instance, Austin-based competitor Apptronik recently secured $350 million in funding, while Meta is also reportedly exploring entry into the robotics market.
Commercial Traction and Future Scale
The startup has already demonstrated real-world utility, having already sold units to BMW for industrial deployment. Founder Brett Adcock confirmed last month that the firm has secured a second, yet-to-be-disclosed commercial partner and holds an ambitious long-term outlook to ship 100,000 humanoid robots.
Figure AI has declined to comment on the reports.
