Figure reaches $39B valuation in latest funding round

Figure, a San Jose-based humanoid robotics company, has secured its largest funding round to date, raising over $1 billion in a Series C round that values the company at $39 billion. The round was led by Parkway Venture Capital and included major investors such as Brookfield Asset Management, Nvidia, and Intel Capital. Since its founding in 2022, Figure has raised nearly $2 billion, reflecting strong investor interest in robots designed to work alongside humans in industrial environments like warehouses and factories. The new funding will be used to expand Figure’s fleet of humanoid robots, develop infrastructure to speed up robot training, and enhance advanced data collection efforts. Despite its rapid growth and high valuation, Figure has taken legal steps to control its stock distribution, issuing cease-and-desist letters to unauthorized secondary market brokers. CEO Brett Adcock has previously described Figure as the most “sought-after” private stock earlier in 2025.