Humanoid robot developer Figure is reportedly in talks to raise $1.5 billion from investors, potentially valuing the company at $39.5 billion. This follows a $675 million Series B funding round in February 2024, backed by investors including Microsoft, DeepAI Startup Fund, and Nvidia, valuing the company at $2.6 billion at the time.

Figure recently made a breakthrough in AI reasoning and believes its products could be ready for home use within a few years. In August, the company unveiled its second-generation humanoid robot, Figure 02, highlighting its dexterity and advanced AI for commercial and future home applications.

In a recent move, Figure ended its collaboration agreement with OpenAI in early February after developing its own “fully end-to-end robot AI” in-house, according to CEO Brett Adcock. He stated that Figure would reveal its advancements “in the next 30 days.” Adcock also noted that Figure was the ninth most in-demand company in the secondary market in January.

CEO Adcock stating “Our vision at Figure is to bring humanoid robots into commercial operations as soon as possible” in a previous press release. The company’s progress towards achieving this goal remains to be seen, but its latest funding discussions and AI breakthroughs suggest a promising future for Figure and its humanoid robots.

It’s interesting to see that last month, Figure was the 9th most in-demand company in the secondary market

Investor demand for Figure is off the charts, I’ve never had more inbound in my life pic.twitter.com/ZqjgtU6Ltw

— Brett Adcock (@adcock_brett) February 12, 2025