Figure AI company profile: valuation, funding & revenue

This Figure AI company profile covers the company's valuation, revenue, funding rounds, investors and history. Figure AI works in robotics, with a focus on general-purpose humanoid robots. It was founded in 2022 and is headquartered in San Jose, California, United States. Its latest valuation on record is US$39 billion (post-money) (September 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Figure AI timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2022 — Figure AI is founded in San Jose by Brett Adcock (CEO).
• Feb 2024 — Series B: About US$675M, valuing the company at About US$2.6B. Investors: Microsoft, OpenAI Startup Fund, Nvidia, Jeff Bezos and others.
• Sep 2025 — Series C: More than US$1B committed, valuing the company at US$39B. Investors: Parkway Venture Capital (lead); Nvidia, Intel Capital, LG Technology Ventures, Salesforce, T-Mobile Ventures, Qualcomm Ventures.

Investors

Overview

Figure AI is building general-purpose humanoid robots: machines shaped roughly like people, with two arms, two legs and hands, intended to work in factories, warehouses and eventually homes. The idea is that a robot shaped like a person can work in spaces and with tools designed for people, without companies having to redesign their facilities. Figure develops both the hardware and the AI that controls it, a system it calls Helix.

Brett Adcock founded Figure in 2022. He had previously founded Vettery, an online recruiting marketplace sold to Adecco, and Archer Aviation, a publicly listed electric air taxi company. Figure is based in the San Jose area of California and has recruited engineers from Tesla, Boston Dynamics, Apple and Google.

Robots and AI

• Figure 01, 02 and 03: successive generations of humanoid robots, each lighter, more capable and designed to be cheaper to produce. Figure 03 was designed with home use in mind as well as industrial work.
• Helix: Figure's "vision-language-action" AI model, which lets a robot understand spoken instructions, see its surroundings and control its arms and hands to perform tasks it may not have been explicitly programmed for.
• BotQ: Figure's own manufacturing facility, intended to build robots in large numbers.

Figure previously partnered with OpenAI on AI models but ended that collaboration in 2025 to focus on its in-house Helix system.

Business model and customers

Figure plans to sell or lease robots to businesses, likely with ongoing software and service fees, and eventually to sell to households. Its best-known commercial customer is BMW, which tested Figure robots at its plant in Spartanburg, South Carolina. Figure doesn't publish revenue, and its commercial base is still small; investors are valuing it on its technology and the size of the potential market.

Funding and valuation

• February 2024, Series B: about US$675 million at roughly US$2.6 billion, with investors including Microsoft, the OpenAI Startup Fund, Nvidia and Jeff Bezos.
• September 2025, Series C: more than US$1 billion in committed capital at a US$39 billion post-money valuation, led by Parkway Venture Capital with Nvidia, Intel Capital, LG Technology Ventures, Salesforce, T-Mobile Ventures and Qualcomm Ventures.

The fifteen-fold jump in about 18 months made Figure one of the most valuable robotics companies in the world. Figure said the money would go towards scaling Helix and BotQ manufacturing, putting robots into homes and commercial operations, and expanding data collection. Secondary market trading in 2026 suggested some investors valued it below the Series C price; secondary prices are indications only.

Why humanoids are attracting capital

Recent progress in AI has made it possible for robots to learn tasks from demonstration and language instructions, rather than being programmed step by step. At the same time, labour shortages in manufacturing, logistics and care work, along with ageing populations, have increased demand for automation. Investors see humanoid robots as potentially one of the largest markets ever, because they could in principle do a wide range of physical work. The challenge is that building a reliable, safe and affordable humanoid is extremely hard, and no company has yet deployed them at large scale.

Competition

Figure competes with Tesla's Optimus programme, Agility Robotics, Apptronik, 1X, Boston Dynamics (owned by Hyundai), Canadian company Sanctuary AI, and many Chinese companies, including Unitree and UBTech, which are moving quickly with lower-cost robots. Robot foundation model companies such as Physical Intelligence compete on the AI side. Figure's advantages are its funding, in-house AI and manufacturing ambitions.

Key facts

Figure AI is a California humanoid robotics company founded in 2022 by Brett Adcock. It builds the Figure 03 robot, the Helix AI model and the BotQ manufacturing facility. It raised more than US$1 billion at a US$39 billion post-money valuation in September 2025, led by Parkway Venture Capital, up from about US$2.6 billion in early 2024.

Valuing a pre-revenue hardware company

With little revenue, Figure's valuation rests on milestones: how capable its robots are, how quickly costs fall, whether customers move from pilots to fleets, and whether manufacturing can scale. Investors often model what the company could earn if it captures a share of a future market and discount that back heavily for risk. Our guide to pre-revenue valuation methods covers the approaches. The gap between private round prices and secondary trading shows how uncertain those estimates are.

The cost question

For humanoid robots to be adopted widely, they need to cost less to own and run than the alternatives, whether that's human labour or specialised machines. Today, humanoids are expensive, hand-assembled and limited in how many hours they can work between charges. Figure's BotQ facility is designed to change that by building robots in large volumes, using its own robots on the production line over time. Industry analysts often cite a target price comparable to a car for humanoids to become mainstream. Reaching that point depends on cheaper actuators, batteries and sensors, and on manufacturing at a scale no humanoid company has yet achieved.

Safety and regulation

Robots working alongside people must meet strict safety standards, especially heavy machines that can move quickly. Industrial robots have traditionally worked behind cages or in separate zones. Humanoids intended to work in shared spaces, or in homes, raise new questions about how to certify that they will behave safely in unpredictable situations. Standards bodies are still developing rules for general-purpose robots, and the time it takes to satisfy regulators and insurers could affect how quickly companies like Figure can deploy at scale.

Milestones to watch

Look for paying commercial deployments beyond pilots, production volumes at BotQ, the cost per robot, safety certifications for working near people, home trials, and any new funding round or secondary price.

Practical takeaways

Manufacturers and logistics operators can run pilots, but should compare humanoids with specialised automation that may be cheaper for a specific task. Founders in robotics can learn from Figure's vertical integration of hardware, AI and manufacturing. Investors should weigh the size of the opportunity against the long road to profitable, large-scale deployment.

Latest developments (October 2026)

Figure AI's September 2025 Series C at US$39 billion remains its latest priced round. In 2026 it focused on deploying its Figure 03 humanoid with commercial customers and on computing capacity; one tracker reported a compute agreement with Nscale that would also make Nscale a shareholder, which we could not confirm from a primary source. See our humanoid robot companies guide.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Yahoo Finance (Reuters)
2. Wikipedia