Figure AI is in talks to boost $1.5B at 15x its final valuation

Silicon Valley-based robotics startup Figure AI is in talks to boost a large $1.5 billion spherical at a $39.5 billion valuation, Bloomberg stories.

That’s a whopping 15 occasions greater than Figure’s $2.6 billion post-money valuation for its $675 million Series B final yr. Figure’s present spherical is anticipated to be led by Align Ventures and Parkway Venture Capital, Bloomberg reported. 

Figure builds humanoid robots for industrial and residential functions. Humanoid robots are all the fashion because of the AI growth: Austin-based Apptronik simply raised $350 million whereas Meta is reportedly trying to get into robotics, too.

Figure has already bought some robots to BMW. Its founder Brett Adcock posted final month that Figure has signed on a second (unnamed) industrial buyer and sees the potential to ship 100,000 humanoid robots.

Figure declined to remark.