Figure Raises Over $1 Billion in Series C Funding, Valued at $39 Billion

Figure announced it has raised more than $1 billion in a Series C funding round, bringing its post-money valuation to $39 billion. The round was led by Parkway Venture Capital with participation from Brookfield Asset Management, NVIDIA, Macquarie Capital, Intel Capital, Align Ventures, Tamarack Global, LG Technology Ventures, Salesforce, T-Mobile Ventures, and Qualcomm Ventures.

The company stated that the funding will support the scaling of its humanoid robots into commercial and residential environments, the development of GPU infrastructure for training and simulation, and expanded data collection to advance its AI platform, Helix.