# Figure AI's Series B (2024)

Figure AI, an American robotics company, raised $675 million in a February 2024 Series B funding round, valuing the company at $2.6 billion. The round included major tech investors like Jeff Bezos, Microsoft, Nvidia, Intel, and OpenAI.

Figure AI, Inc., an American robotics company developing humanoid robots powered by [artificial intelligence](https://www.wikiprompt.org/wiki/artificial-intelligence), completed a Series B funding round in February 2024. The company secured $675 million in venture capital from a consortium of prominent technology investors, bringing its valuation to $2.6 billion. This round marked a significant milestone for the company, which was founded in 2022 by Brett Adcock and had previously raised $70 million in May 2023.

The funding round included participation from Jeff Bezos, [Microsoft](https://www.wikiprompt.org/wiki/microsoft), [Nvidia](https://www.wikiprompt.org/wiki/nvidia), [Intel](https://www.wikiprompt.org/wiki/intel), and the startup-funding divisions of [Amazon](https://www.wikiprompt.org/wiki/amazon-web-services) and [OpenAI](https://www.wikiprompt.org/wiki/openai). The investment underscored growing interest in humanoid robotics as a commercial application of advanced AI. Alongside the funding, Figure AI announced a partnership with OpenAI to develop specialized AI models for its robots, enabling them to process language. This collaboration, however, ended after a year, with Adcock noting that large language models had become a lesser challenge compared to those enabling high-rate robot control.

## Company Background

Figure AI was established in 2022 by Brett Adcock, an entrepreneur also known for founding Archer Aviation, Vettery, and Hark. The company's mission centered on developing humanoid robots capable of performing manual labor, initially targeting logistics and warehousing sectors. In 2022, the company introduced its prototype, Figure 01, a bipedal robot designed with external cabling for easier maintenance. This early model laid the groundwork for subsequent iterations.

In January 2024, Figure AI announced a partnership with BMW to deploy humanoid robots in automotive manufacturing facilities. This collaboration was among the first major industrial applications of the technology, signaling a shift from research to practical deployment.

## Series B Funding Details

The February 2024 Series B round was notable for its scale and the caliber of investors involved. The $675 million raised positioned Figure AI among the best-funded startups in the robotics sector at the time. The valuation of $2.6 billion reflected confidence in the company's technology and market potential. The participation of [OpenAI](https://www.wikiprompt.org/wiki/openai) was particularly significant, as it included both financial investment and a strategic partnership to advance AI capabilities in humanoid robots.

Other investors in the round included [Nvidia](https://www.wikiprompt.org/wiki/nvidia), which would later supply graphics processing units for the robots, and [Intel](https://www.wikiprompt.org/wiki/intel), which had a history of investing in AI and robotics ventures. The involvement of Jeff Bezos, through his personal investment vehicle, added further credibility to the round.

## Technological Development

Following the Series B, Figure AI accelerated its technological roadmap. In August 2024, the company introduced Figure 02, described as a step toward deploying humanoids for industrial use. The model featured five-fingered hands with 16 degrees of freedom (DOF) and the ability to carry up to 25 kilograms (55 pounds). It incorporated cabling integrated into the limbs, a torso-placed battery, six RGB cameras, and an onboard vision-language-action (VLA) model. The computing power was three times that of its predecessor, including two [Nvidia](https://www.wikiprompt.org/wiki/nvidia)-supported graphics processing units. Microphones, speakers, and custom AI models developed with [OpenAI](https://www.wikiprompt.org/wiki/openai) enabled communication with humans.

In early 2025, Figure AI announced BotQ, a manufacturing facility designed to produce 12,000 humanoids per year, with the assistance of its own robots. The company also introduced Helix, a VLA model capable of controlling up to two robots simultaneously. Helix allowed robots to interact with the world without extensive manual training, enabling them to pick up nearly any small household object, according to the company.

## Expansion and Market Position

By September 2025, Figure AI had raised a third round of financing exceeding $1 billion, elevating its total valuation to $39 billion. This round included investors such as Brookfield Asset Management, [Intel](https://www.wikiprompt.org/wiki/intel), Macquarie Capital, [Nvidia](https://www.wikiprompt.org/wiki/nvidia), Parkway Venture Capital, [Qualcomm](https://www.wikiprompt.org/wiki/qualcomm), Salesforce, and T-Mobile. The substantial increase in valuation reflected rapid progress in both technology and commercial adoption.

In October 2025, Figure 03 was introduced. Standing 5.5 feet (1.7 meters) tall, the machine had 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. An upgraded camera system delivered twice the frame rate, a quarter the latency, and a 60% wider field of view, with an additional camera 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.

## Operational Milestones

By early 2026, Figure 02 had been used in demonstrations showing its ability to 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 demonstrated the capability to load and unload a dishwasher, based on hours of motion-capture data and simulation-based [machine learning](https://www.wikiprompt.org/wiki/machine-learning).

In March 2026, U.S. First Lady Melania Trump appeared at the White House with a Figure 03, promoting the potential future ability of AI to teach children. By April 2026, the company had delivered over 350 Figure 03 models and increased production output to one robot every hour. In May 2026, Adcock stated that the company would soon lease the robot for domestic use for around $600 per month and announced that the Figure 04 design had been locked. 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 human employees. In August 2026, Adcock shared a video of a Figure 03 climbing a short ladder. Later that month, 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, Figure AI announced it would spend upwards of $3.5 billion on [Nvidia](https://www.wikiprompt.org/wiki/nvidia) GPUs by the next year.

## Challenges and Controversies

In November 2025, the former head of product safety sued the company, alleging termination for raising concerns that the robots were strong enough to fracture a human skull. The lawsuit highlighted potential safety risks associated with the powerful humanoid machines. Additionally, in April 2025, the company issued cease-and-desist letters to at least two secondary brokers promoting its private stock without authorization, reflecting efforts to control its equity markets.

## Impact and Future Outlook

The Series B round of February 2024 was a pivotal event in Figure AI's trajectory, providing the capital and strategic partnerships necessary to scale its operations. The company's subsequent growth, from a $2.6 billion valuation to $39 billion within 18 months, demonstrated the market's appetite for humanoid robotics. As of late 2025, the company had developed three generations of humanoid robots and two iterations of its Helix VLA model, with robots showing potential for household work and gaining public attention through events like the White House appearance.

The company's focus on integrating advanced AI, such as [large language models](https://www.wikiprompt.org/wiki/large-language-model) and VLA systems, positioned it at the intersection of robotics and [generative AI](https://www.wikiprompt.org/wiki/generative-ai). With plans for domestic leasing and continued production expansion, Figure AI aims to establish humanoid robots as a common feature in both industrial and household settings.

## See Also

- [Figure AI](https://www.wikiprompt.org/wiki/figure-ai)
- [OpenAI](https://www.wikiprompt.org/wiki/openai)
- [Nvidia](https://www.wikiprompt.org/wiki/nvidia)
- [Artificial Intelligence](https://www.wikiprompt.org/wiki/artificial-intelligence)

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Source: https://www.wikiprompt.org/wiki/figure-ai-2024-series-b
License: CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0/)
Last updated: 2026-09-13T03:51:18.586684+00:00