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Robotics startup Figure valued at $39 billion in latest funding round
Yahoo Financeยท 2025-09-16 13:11
Core Insights - Figure, an AI robotics company, has secured over $1 billion in its latest funding round, achieving a post-money valuation of $39 billion [1] - The Series C funding round was led by Parkway Venture Capital, with participation from major industry players including Nvidia, Intel Capital, and Qualcomm Ventures [1][6] - The funding round significantly increased Figure's valuation from $2.6 billion last year, highlighting growing investor interest in humanoid robotics [3] Industry Trends - Venture capital investments in AI-focused companies are surging, with U.S. startup funding projected to reach its second-highest total on record, up 75.6% in the first half of 2025 [2] - The rising interest in humanoid robots is driven by factors such as aging workforces and geopolitical competition, alongside advancements in AI software and hardware [4] - Major tech companies, including Nvidia, Meta Platforms, and Tesla, are competing to develop humanoid robots to address labor shortages and perform repetitive tasks [4] Company Strategy - Figure plans to utilize the new capital to scale its humanoid robots for both home and commercial applications, enhance its training and simulation infrastructure, and intensify data collection efforts [5] - The CEO of Figure emphasized that this funding milestone is crucial for unlocking the next stage of growth for humanoid robots and expanding their AI platform [5]