Takeaways by Saasverse AI
- Figure | Series C | $1 Billion+ | Humanoid Robotics
- Led by Parkway Venture Capital, joined by Nvidia, Intel Capital, Qualcomm Ventures, Salesforce, LG Technology Ventures, and T-Mobile Ventures.
- Valuation skyrockets 15x to $39 billion, funding will fuel production scalability, AI model upgrades, and market expansion.
Figure, a pioneering startup in humanoid robotics, has successfully raised over $1 billion in its Series C funding round, with Parkway Venture Capital taking the lead. Renowned investors such as Nvidia, Intel Capital, Qualcomm Ventures, Salesforce, LG Technology Ventures, and T-Mobile Ventures also participated, underscoring the industry’s shared belief in Figure’s transformative potential. This latest funding has catapulted the company’s valuation to an astounding $39 billion—a 15-fold increase compared to its previous round.
The company has made significant strides in developing humanoid robots capable of performing repetitive tasks in industrial settings and assisting with household chores. Its flagship product, the Figure 02, introduced last year, boasts unparalleled mechanical precision, including "human-equivalent strength" and 16 degrees of freedom in its robotic hands. Further pushing the boundaries of robotic capabilities, Figure unveiled the Figure 03 in March, featuring custom-designed actuators, motors, and a powerful 2.3kWh battery pack that enables five hours of continuous operation on a single charge.
A key focus of the funding will be the scaling of production at the company's state-of-the-art BotQ factory, which aims for an initial annual output of 12,000 units. The facility is equipped with advanced manufacturing technology and proprietary software systems, reducing component production time from a week to just 20 seconds. Impressively, Figure plans to automate parts of the factory floor using its own humanoid robots, showcasing a powerful proof-of-concept for its technology.
Beyond scaling production, Figure is set to enhance its proprietary AI model, Helix. This vision-language-action (VLA) model enables robots to interpret visual data, perform corresponding actions, and process natural language commands. Helix-powered robots have demonstrated the ability to interact with unfamiliar household items and complete complex collaborative tasks, such as shopping. The flexibility and adaptability of Helix mark a significant leap forward in the field of general-purpose robotics.
Saasverse Insights
Figure’s Series C funding is a testament to the growing convergence of robotics and artificial intelligence, particularly in the context of automation and labor optimization. By blending cutting-edge hardware with advanced AI systems like Helix, Figure is not only addressing immediate industrial and domestic use cases but also laying the groundwork for the broader adoption of humanoid robots in everyday life. This deal also highlights a burgeoning trend: tech giants and venture capital firms increasingly viewing humanoid robotics as a high-potential sector within the AI and SaaS ecosystem.
As Figure continues to innovate and scale, the company is poised to redefine operational efficiency across industries while setting benchmarks for AI-driven robotics. However, the path to widespread adoption will require overcoming challenges such as cost-effectiveness, regulatory hurdles, and public acceptance. For now, Figure’s meteoric rise positions it as a dominant player in the next wave of robotics technology, with the potential to transform both business and society at large.