Humanoid robotics startup Figure has announced its largest funding round to date, raising more than $1 billion in a Series C financing that values the company at an impressive $39 billion post-money valuation. The company, based in San Jose, California, disclosed the news via a press release and emphasized that the funds will accelerate the development and deployment of its humanoid robots. The Series C round was led by Parkway Venture Capital with major participation from Brookfield Asset Management, Nvidia, and Intel Capital, underscoring strong confidence from leading investors across both finance and technology sectors. This latest investment brings Figure’s total funding to nearly $2 billion since its founding in 2022. According to the company, the new capital will be directed toward scaling its fleet of humanoid robots, expanding infrastructure for advanced robot training, and launching ambitious data collection initiatives. Figure believes that humanoid robots can play a transformative role in industries such as logistics, warehousing, and manufacturing, helping alleviate labor shortages while enabling businesses to operate with greater efficiency. Earlier this year, Figure’s CEO Brett Adcock described the company as one of the most highly sought-after private firms in the robotics sector. However, the company has also faced challenges, including reports of issuing cease-and-desist letters to secondary stock brokers attempting unauthorized sales of its shares. Despite these hurdles, investor enthusiasm has remained strong, pushing Figure’s valuation to one of the highest in the robotics industry. The announcement highlights a growing wave of investment into AI-driven robotics companies, as investors look to back technologies that can integrate seamlessly into human environments. With this funding, Figure aims to position itself as a global leader in humanoid robotics and a key player in the future of work. Source: PR Newswire