Silicon Valley-based robotics innovator Figure AI is reportedly seeking a substantial $1.5 billion investment, marking a significant leap in its valuation. Bloomberg sources indicate the company is in negotiations to secure this funding at a $39.5 billion valuation, a staggering 15-fold increase from its previous $2.6 billion valuation after its Series B funding round.
Figure AI specializes in the development of humanoid robots designed for both commercial and residential applications. The growing interest in humanoid robots stems from advancements in artificial intelligence technology. Austin-based Apptronik recently raised $350 million in funding, while tech giant Meta has expressed intentions to enter the robotics sector.
Figure AI has already secured orders for its robots, with BMW being an early customer. According to founder Brett Adcock, the company has acquired a second major commercial client and estimates the potential to deliver 100,000 humanoid robots. Figure AI declined to provide any further comment.
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