Figure AI Inc., a company developing humanoid robots, has received more than $1 billion in committed capital in a financing round that values it at $39 billion, a deal that would make it one of the most valuable startups. The fundraising round, announced on Tuesday, had been in the works for much of the year. Bloomberg News reported in February that Figure was in talks with investors to raise $1.5 billion at a $39.5 billion valuation. Financing was led by Parkway Venture Capital, an existing investor. Other backers include Brookfield Asset Management, Nvidia Corp., Salesforce Inc., Macquarie Capital and Align Ventures. Corporate venture arms from Intel Corp. and Qualcomm Inc. also participated. Founded in 2022, Figure has emerged as one of the most prominent startups seizing on recent advances in artificial intelligence technology to develop robots that look and move more like people. The startup has said its lofty aim is to build “general purpose” humanoid robots that can reason and learn the way humans do.

Full report : Humanoid robot startup Figure raised a $1 billion plus Series C led by Parkway Venture Capital at a post-money valuation of $39 billion, up from $2.6 billion in February 2024.

For more see the OODA Company Profile on Figure AI.