Figure AI Inc., a leading innovator in humanoid robotics, is in negotiations with investors to raise $1.5 billion, potentially increasing its valuation to $39.5 billion, according to Bloomberg.
This move underscores the growing enthusiasm within the tech sector for advanced robots that mimic human movement and functionality.
The funding round is expected to be led by Align Ventures and Parkway Venture Capital, though final terms are still under discussion and may change.
If successful, this investment would mark a massive leap from the company’s previous valuation of $2.6 billion, achieved in a deal last year.
Figure AI has already attracted investments from tech giants such as Microsoft, OpenAI, Nvidia, and Jeff Bezos, signaling strong backing from key industry players.
One key reason behind investors’ excitement is Figure AI’s advancements in cognitive capabilities, allowing its robots to reason more effectively and accelerate their path to mainstream adoption.
According to insiders, the company now believes its humanoid robots could be viable for household use within just a few years.
The startup’s long-term vision is to develop machines capable of performing hazardous or labor-intensive tasks, addressing critical labor shortages across industries.
Among its high-profile clients is BMW AG, which is exploring the use of humanoid robots in automotive manufacturing.
Competition in the Humanoid Robotics Arena
Figure AI is not alone in its pursuit of human-like robots. Tesla, under the leadership of Elon Musk, is actively developing its bipedal robot, Optimus, which is expected to integrate into Tesla’s ecosystem.
Additionally, Meta Platforms has made significant strides in humanoid robotics, with reports indicating it is collaborating with both Figure AI and Unitree Robotics to accelerate innovation in the sector.
Morgan Stanley analysts recently noted that humanoid robots, while just one facet of embodied AI, are gaining exceptional interest due to their versatility and potential for large-scale deployment.
They emphasized that the market is not a “winner-takes-all” scenario, suggesting that multiple players, including Figure AI and Tesla, could thrive simultaneously.
Aiming for Mass Production
In a recent LinkedIn update, Figure AI CEO Brett Adcock outlined ambitious plans, stating that the company aims to ship 100,000 humanoid robots over the next four years.
Such a rollout would represent an unprecedented scale in the humanoid robotics industry, potentially reshaping labor markets and industrial automation.
Despite growing competition, analysts believe that Figure AI’s funding success could further validate the sector, reinforcing investor confidence and accelerating the adoption of humanoid robotics across industries.
With robotics technology rapidly evolving, the future of human-like machines is closer than ever to becoming a reality. Stay tuned for more updates on Figure AI and the latest in cutting-edge artificial intelligence at Jack Mateo News.
