Figure AI, Inc., an American robotics company focused on developing humanoid robots powered by artificial intelligence, completed a Series C financing round in September 2025 that exceeded $1 billion. The round raised the company's total valuation to $39 billion, reflecting significant investor confidence in its technology and production plans. The financing followed a period of rapid development, including the introduction of new robot models and advanced AI systems, and positioned Figure AI as a major player in the humanoid robotics sector.
The company, founded in 2022 by Brett Adcock, has developed three generations of humanoid robots (Figure 01, 02, and 03) and two iterations of a vision-language-action (VLA) model (Helix 01 and 02). These systems are designed to perform tasks ranging from industrial logistics to household chores, with the latest models demonstrating capabilities such as loading dishwashers and climbing ladders. The 2025 funding round provided capital to scale manufacturing, expand AI research, and support the company's ambitious production targets.
Funding Round Details
The September 2025 Series C round raised over $1 billion, bringing Figure AI's total valuation to $39 billion. This marked a substantial increase from the company's previous valuation of $2.6 billion in February 2024, when it secured $675 million in venture capital. The 2025 round attracted a diverse group of investors, including Brookfield Asset Management, Intel, Macquarie Capital, Nvidia, Parkway Venture Capital, Qualcomm, Salesforce, and T-Mobile. This investor base included both technology companies and financial institutions, indicating broad interest in the humanoid robotics market.
The round was led by existing and new backers, with Nvidia and Intel participating in both the 2024 and 2025 financings. Qualcomm and Salesforce, which had not been part of the earlier round, joined as new investors, reflecting their strategic interest in Robotics and Artificial intelligence applications. The funds were earmarked for scaling production at the company's BotQ facility, advancing AI model development, and expanding the robot fleet deployed in real-world settings.
Company Background
Figure AI was founded in 2022 by Brett Adcock, who previously founded Archer Aviation, Vettery, and Hark. The company introduced its first prototype, Figure 01, in 2022, a bipedal robot designed for manual labor, initially targeting the logistics and warehousing sectors. The initial model used external cabling for easier maintenance, a design choice that was later refined in subsequent versions.
In May 2023, Figure AI raised $70 million from investors including Adcock, who invested $20 million, and Parkway Venture Capital. This early funding supported the development of the first generation robot and laid the groundwork for future expansion. In January 2024, the company announced a partnership with BMW to deploy humanoid robots in automotive manufacturing facilities, marking its first major industrial application.
Technology Development
Figure AI has developed three generations of humanoid robots, each with significant improvements in hardware and software. The Figure 02, introduced in August 2024, featured five-fingered hands with 16 degrees of freedom (DOF) and the ability to carry up to 25 kilograms (55 pounds). It included integrated cabling, a torso-placed battery, six RGB cameras, and an onboard VLA model. The robot had three times the computing power of its predecessor, including two graphics processing units supported by NVIDIA.
The Figure 03, introduced in October 2025, represented a major redesign. Standing 5.5 feet (1.7 meters) tall, it has 60 total DOF, including 20 for each hand. The hardware and software redesign aimed to create a general-purpose robot able to learn directly from humans. It featured an upgraded camera system with twice the frame rate, a quarter the latency, and a 60% wider field of view, plus cameras in each hand. Tactile sensors in the fingertips could detect forces as little as 3 grams (0.1 ounce). The robot incorporated soft materials and a protected battery for safety, as well as removable, washable textiles, and supported wireless inductive charging.
The Helix VLA model, first announced in early 2025, enabled robots to interact with the world without extensive manual training. Helix 01 could control up to two robots at once, allowing for coordinated tasks. In January 2026, Helix 02 was released, expanding the AI model to the entire body to allow for functional autonomy. A Helix 02-powered Figure 02 was demonstrated loading and unloading a dishwasher, based on hours of motion-capture data and simulation-based Machine learning.
Manufacturing and Production
In early 2025, Figure AI announced BotQ, a manufacturing facility aiming to produce 12,000 humanoids per year with the help of its own humanoid robots. This facility was central to the company's strategy to scale production and meet growing demand. By April 2026, the company had delivered over 350 Figure 03 models and increased its production output to one robot every hour.
The production ramp was supported by the 2025 funding round, which provided capital for equipment, supply chain expansion, and workforce development. The company also announced plans to spend upwards of $3.5 billion on Nvidia GPUs by the next year, reflecting its reliance on high-performance computing for AI model training and inference. By the end of June 2026, the company had about 740 robots operating, compared to only 600 humans, highlighting the scale of its deployed fleet.
Partnerships and Collaborations
Figure AI has engaged in several notable partnerships. In February 2024, it announced a collaboration with OpenAI to build specialized AI models for its humanoid robots, enabling them to process language. This partnership ended after a year, with Adcock stating that large language models had become a smaller problem compared to those allowing for "high rate robot control." The company also partnered with bmw in January 2024 to deploy robots in automotive manufacturing facilities.
The 2025 funding round included participation from technology companies such as Intel, NVIDIA, Qualcomm, and Salesforce, indicating ongoing collaboration with major players in the AI and semiconductor industries. These partnerships were expected to support the development of advanced AI models and hardware integration for the robots.
Market Position and Valuation
Figure AI's valuation grew from $2.6 billion in February 2024 to $39 billion by late 2025, a significant increase driven by the $1 billion Series C round. This valuation placed the company among the most valuable private robotics firms globally. The company's focus on general-purpose humanoid robots, combined with its advanced VLA models and manufacturing capabilities, positioned it as a leader in the emerging humanoid robotics market.
The company faced some challenges, including a lawsuit in November 2025 from a former head of product safety, who alleged she was fired for raising concerns that the robots were strong enough to fracture a human skull. Additionally, in April 2025, the company issued cease-and-desist letters to at least two secondary brokers promoting its private stock without authorization. Despite these issues, the company continued to expand its operations and product offerings.
Future Outlook
By 2026, Figure AI's robots demonstrated potential ability to perform household work, and the company gained publicity when a Figure 03 appeared at a White House event in March 2026, promoted by U.S. First Lady Melania Trump. In May 2026, Adcock stated that the company would soon lease the robot for domestic use for around $600 a month and announced that the Figure 04 design had been locked.
In late August 2026, the company launched a gig economy platform called Index to capture work data from humans wearing sensors, expected to cost $1 billion over the next year. In September 2026, most of the outdated Figure 02s were destroyed by being molten down in arc furnaces at Ovako's steel mill in Imatra, Finland, to protect details of their proprietary hardware. This move was suggested by Arnold Schwarzenegger, whose character shares a similar fate in Terminator 2: Judgment Day. The company also announced plans to spend over $3.5 billion on Nvidia GPUs by the next year, indicating continued investment in AI infrastructure.
See Also
- Figure AI's Series A (2023)
- Figure AI $675 Million Funding
- Figure AI's Series B (2024)
- Figure AI $675M Series B
- Figure AI's Series C (2025)