Social RoboticsFigure AI valued at $39bn after Series C round
The humanoid developer said it raised more than $1bn in a round led by Parkway Venture Capital.
Figure announced a Series C round exceeding $1 billion at a $39 billion post-money valuation. Parkway Venture Capital led, with Brookfield Asset Management, Nvidia and Intel Capital among the participants. Figure said the money would go towards scaling its robot fleet, building training infrastructure and expanding data collection. The valuation made Figure one of the most highly valued robotics start-ups and reflected investor confidence that humanoids, including ones aimed at homes, can become a mass market.
Source: TechCrunch
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