Who is betting on what in AI, and against whom.
Figure
Humanoids; Helix VLA. Warehouse deployments.
- HQ
- San Jose
- Founded
- 2022
- Web
- figure.ai
- Camps
- Physical AI
What it does
Figure builds humanoids and the Helix vision-language-action system that drives them. Its Series C in September 2025 valued it at $39B, fifteen times its valuation eighteen months earlier. It reports robots working on BMW's Spartanburg line.
Camp membership over time
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dates not recorded
Capital
| Amount | Kind | Valuation | Date | Investors | Source |
|---|---|---|---|---|---|
| $70M | Series A | May 2023 | Parkway Venture Capital | SiliconANGLE | |
| $675M | Series B | $2.60B post-money | Feb 2024 | Figure | |
| $1B | Series C | $39B post-money | Sep 2025 | Parkway Venture Capital, Brookfield, Nvidia, Intel Capital, Microsoft, OpenAI Startup Fund, Bezos Expeditions Round exceeded $1B in commitments. | Figure |
People
General sources
Figure exceeds $1B in Series C funding at $39B post-money valuation 2025-09-16 · Nscale Backs Figure AI With $3.5 Billion, Takes Equity Stake in Humanoid Push Tech Times 2026-09-04 · Nscale backs Figure with $3.5B AI cloud deal as humanoid robotics race accelerates Tech Funding News 2026-09-04