Mentioned:
Figure has just raised a new mega round of funding. And some of the largest publicly traded technology companies in the world are behind it.
What’s happening:
- Humanoid robotics company Figure has raised $1B USD in a new Series C financing round
- The new funding round was led by Parkway Venture Capital and included notable participation from Nvidia (NASDAQ: NVDA), Intel (NASDAQ: INTC) and Salesforce (NYSE: CRM)
By the numbers:
- The new Series C financing round gives Figure a valuation of roughly $39B USD
- Figure has now raised a total of $1.75B USD of venture capital funding since inception
Why it matters:
- Figure’s new capital raise represents one of the highest valuations ever for a private company developing humanoid robotics hardware and software
Going deeper:
- Founder of Figure Brett Adcock has publicly stated the fresh funding will largely be dedicated towards artificial intelligence training, simulation and real world data collection as well as continuing to scale up their manufacturing capacity
