# Figure AI's Series A (2023)

Figure AI, a robotics company founded by Brett Adcock, raised $675 million in a Series A round in February 2024 at a $2.6 billion valuation, with investors including Jeff Bezos, Microsoft, Nvidia, Intel, Amazon and OpenAI. The funding supported development of humanoid robots and AI models for industrial and household tasks.

Figure AI, Inc. is an American robotics company developing humanoid robots that operate via artificial intelligence. Founded in 2022 by Brett Adcock, the company has created three generations of humanoid robots (Figure 01–03) and two iterations of a vision–language–action model (Helix 01–02). As of late 2025, the company had a $39 billion valuation, and by 2026 its robots demonstrated potential household capabilities, including a Figure 03 appearing at a White House event.

The company's Series A funding round in February 2024 raised $675 million at a $2.6 billion valuation, marking a significant milestone in the humanoid robotics sector. This capital injection supported the development of advanced AI models and manufacturing capabilities, positioning Figure AI as a major player in the field of [artificial intelligence](https://www.wikiprompt.org/wiki/artificial-intelligence) and robotics.

## Founding and Early Development

Figure AI was founded in 2022 by Brett Adcock, who also founded Archer Aviation, Vettery, and Hark. That year, the company introduced its prototype, Figure 01, a bipedal robot designed for manual labor, initially targeting the logistics and warehousing sectors. The initial model utilized external cabling for easier maintenance.

In May 2023, Figure AI raised $70 million from investors including Adcock, who invested $20 million, and Parkway Venture Capital. This early funding allowed the company to refine its technology and prepare for larger investment rounds.

## Series A Funding (February 2024)

The February 2024 Series A round was a landmark event, raising $675 million from a consortium that included Jeff Bezos, Microsoft, Nvidia, Intel, and the startup-funding divisions of Amazon and OpenAI. The company was then valued at $2.6 billion. This investment signaled strong confidence in humanoid robotics and [generative AI](https://www.wikiprompt.org/wiki/generative-ai) applications.

Figure AI also announced a partnership with [OpenAI](https://www.wikiprompt.org/wiki/openai) to build specialized AI models for its humanoid robots, enabling them to process language. The collaboration 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." This shift reflected a broader trend in robotics toward [machine learning](https://www.wikiprompt.org/wiki/machine-learning) models focused on physical control rather than conversational ability.

## Technological Advancements

In August 2024, the company introduced Figure 02, describing it as the next step toward deploying humanoids for industrial use. Its five-fingered hands have 16 degrees of freedom (DOF) and the ability to carry up to 25 kilograms (55 lb). The model features cabling integrated into the limbs, a torso-placed battery, six RGB cameras, and an onboard vision–language–action (VLA) model. It has three times the computing power of the previous model, including two graphics processing units supported by [Nvidia](https://www.wikiprompt.org/wiki/nvidia).

In early 2025, Figure AI announced BotQ, a manufacturing facility aiming to produce 12,000 humanoids per year with the help of its own robots. The company also introduced Helix, a VLA model that can control up to two robots at once. Helix enables a robot to interact with the world without extensive manual training, allowing it to pick up nearly any small household object, according to the company.

## Later Funding and Expansion

In September 2025, a third round of financing exceeded $1 billion, raising the company's total valuation to $39 billion. Investors included Brookfield Asset Management, Intel, Macquarie Capital, Nvidia, Parkway Venture Capital, Qualcomm, Salesforce, and T-Mobile. This funding supported continued expansion of manufacturing and AI capabilities.

In October 2025, Figure 03 was introduced. Standing 5+1⁄2 feet (1.7 meters) tall, the machine has 60 total DOF, including 20 for each hand. Its upgraded camera system delivers twice the frame rate, a quarter the latency, and a 60% wider field of view, plus a camera in each hand. Tactile sensors in the fingertips can detect forces as little as 3 grams (0.1 oz). The robot incorporates soft materials and a protected battery for safety, as well as removable, washable textiles, and supports wireless inductive charging.

## Applications and Demonstrations

By early 2026, Figure 02 had been used in demonstrations showing it could load a washing machine, sort packages, and fold laundry. 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 shown capable of loading and unloading a dishwasher, based on hours of motion-capture data and simulation-based [deep learning](https://www.wikiprompt.org/wiki/deep-learning).

In March 2026, U.S. First Lady Melania Trump appeared at the White House with a Figure 03, promoting the presumptive eventual ability of AI to teach children. By April 2026, the company had delivered over 350 Figure 03 models and increased production to one robot every hour. In May 2026, Adcock stated the company would soon lease the robot for domestic use for around $600 a month and announced the Figure 04 design had been locked.

## Industry Impact and Future Plans

A group of Figure 03 robots was livestreamed processing packages for almost a full week, inspiring a 10-hour competition between the product and a person; the robot performed 98.5% as well as the human. By the end of June 2026, the company had about 740 robots operating, compared to only 600 humans. In August 2026, Adcock shared a video of a Figure 03 climbing a short ladder.

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. The next month, Figure AI announced it would spend upwards of $3.5 billion on Nvidia GPUs by the next year, reflecting its commitment to advancing [neural network](https://www.wikiprompt.org/wiki/neural-network) capabilities for robot control.

The Series A round of 2023-2024 was pivotal in establishing Figure AI as a leader in humanoid robotics, enabling rapid iteration from prototype to production-ready systems. The company's focus on integrating [large language models](https://www.wikiprompt.org/wiki/large-language-model) with physical control systems represents a convergence of [transformer](https://www.wikiprompt.org/wiki/transformer) architectures and robotics, a direction also explored by other firms in the [sanctuary AI](https://www.wikiprompt.org/wiki/sanctuary-ai) space.

## See Also

- List of robotics companies
- List of robots

## References

Source facts from Wikipedia (CC BY-SA).

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Source: https://www.wikiprompt.org/wiki/figure-ai-2023-series-a
License: CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/)
Last updated: 2026-09-13T03:51:13.700459+00:00