Figure AI Seeks $1.5 Billion Funding, Valuing Company at $39.5 Billion
Robotics startup Figure AI engages in negotiations with investors for a $1.5 billion funding round, potentially valuing the company at $39.5 billion, according to Bloomberg News.
Align Ventures and Parkway Venture Capital are slated to lead the deal, with terms still subject to change.
Figure AI and Align Ventures have not responded to requests for comment.
Last year, Figure AI secured $675 million in funding, with investors including Nvidia, Microsoft, and Jeff Bezos, valuing the company at $2.6 billion.
Tech giants like Nvidia, Meta Platforms, and Tesla, along with startups, venture into the competitive humanoid robotics market, fueled by AI advancements driving innovation.
Meta Platforms establishes a new Reality Labs division dedicated to developing AI-powered humanoid robots for physical assistance.
Tesla CEO Elon Musk anticipates the company's Optimus humanoid robots to be ready by late 2025.
Humanoid robots attract investor interest as AI software enhances human-robot interaction and collaboration.