Figure reaches $39B valuation in latest funding round

Core Insights - Figure, a humanoid robotics company, has raised its largest funding round to date, indicating increasing investor interest in robots designed for collaboration with humans in various settings [1] Funding Details - Figure announced a Series C funding round that values the company at $39 billion, with the round exceeding $1 billion [2] - The funding was led by Parkway Venture Capital, with participation from Brookfield Asset Management, Nvidia, and Intel Capital [2] - The capital will be used to scale the fleet of humanoid robots, develop infrastructure for robot training, and enhance data collection efforts [2] Company Background - Since its founding in 2022, Figure has raised nearly $2 billion in total funding [3] - The CEO of Figure, Brett Adcock, stated that the company is the most sought-after stock in the private market [3] - Figure has been sending cease-and-desist letters to unauthorized secondary stock market brokers regarding the sale of its shares [3]