Robotics Startup Figure AI in Talks for $39.5 Billion Valuation

Figure AI Inc., a startup developing humanoid robots, is in talks with investors to raise $1.5 billion at a valuation of $39.5 billion, according to people familiar with the matter — a move that signals the tech industry’s intensifying interest in robots that look and move like humans.

The deal is set to be led by Align Ventures and Parkway Venture Capital, said the people, who asked not to be identified because the information is private. The terms of the transaction are not finalized and could still change.

Figure declined to comment.

A worker performs maintenance on humanoid robot Figure 01 at Figure AI’s test facility in Sunnyvale, California in 2023.

Photographer: Jae C. Hong/AP

The new funding round would be a massive jump ...