As of June 2026, Figure AI's confirmed valuation is $39 billion — set by its September 2025 Series C (company announcement) — making it the most valuable humanoid robotics company in the world, on revenue the company has never disclosed.
TL;DR:
- $39B post-money, Series C, Sept 2025; >$1B raised, led by Parkway Venture Capital with Brookfield, NVIDIA, Macquarie, Intel Capital, LG, Salesforce, T-Mobile Ventures, and Qualcomm Ventures. ~$2.3B raised lifetime.
- Up 15x from $2.6B in February 2024 — the steepest major markup in robotics history.
- Revenue undisclosed; third-party estimates (unconfirmed) suggest low-tens-of-millions scale — making this effectively a pre-revenue valuation at four-figure multiples.
- The live feed below tracks Figure signals — deployments, hires, and any new round — as our pipeline detects them.
Valuation History
| Date | Round | Raised | Post-money valuation |
|---|---|---|---|
| Sep 2025 | Series C | >$1B | $39B |
| Feb 2024 | Series B | $675M | $2.6B |
| May 2023 | Series A | $70M | ~$400M |
The Thesis — and the Caution Flags
The bull case priced into $39B: humanoids are the form factor that inherits the entire labor market, Figure ships hardware and owns its Helix VLA model, and the BMW Spartanburg deployment (Figure 02, then a 40-unit Figure 03 order) is the proof the factory wedge works.
The flags worth knowing: the valuation implies >1,000x any plausible current revenue; the field's foundation-model rivals (see our live robotics startups ranking) are raising at comparable conviction; and in February 2026 BMW notably chose a competitor, Hexagon's AEON, for its first European pilot — a reminder that early lighthouse customers are not exclusive ones.
Latest Figure AI Signals, Live
Figure AI Funding & Deal Signals
Extracted live from podcasts, newsletters & primary coverage by the Teahose intel pipeline
- 01M&AWe worked at BMW. And last year we deployed, for six months robots on the basically body shop factory line to build cars.MAY 1 · SourceryMAY 1
- 02LAUNCHAbout a year ago, we made a strong pivot away from code into neural networks... I think the team has probably shown like, I think some of the best neural networks for control in thMAY 1 · SourceryMAY 1
- 03LAUNCHThe BMW pilot — a small batch of Figure robots deployed and running every day for six months — is the clearest proof point. The learnings from that deployment directly produced FigAPR 30 · Sourcery NewsletterAPR 30
- 04M&AThis logic also explains why Figure ended its OpenAI collaboration. Sharing visibility into its robotics intelligence with a partner that was simultaneously developing interest in APR 30 · Sourcery NewsletterAPR 30
- 05LAUNCHWe had a small batch of robots that went out to BMW last year and did work every day. We ran for six months every single day... We refactored our whole approach to how to commerciaAPR 30 · SourceryAPR 30
- 06FUNDINGParkway Venture Capital led Figure's Series C, establishing the $39B valuation. Named as lead investor in the round.APR 30 · Sourcery NewsletterSERIES C
- 07FUNDINGThey brought in Satya and Microsoft. It co-led it.APR 30 · SourcerySERIES B
What to Watch Next
- Paid fleet growth. The number that converts thesis to business is robots-in-production under commercial contracts — watch deployment signals, not demo videos.
- The next round (or its absence). Peers Physical Intelligence and Skild AI kept re-pricing through early 2026; if Figure raises again, the print tells you whether $39B was a floor or a peak.
- Customer concentration. Manufacturing pilots are winner-take-some; each automaker decision (like BMW's European pick) moves the story.
Hit Watch on Figure's company profile for new signals by email. Related: robotics startups, live-ranked · Physical Intelligence valuation · Skild AI valuation · the physical AI theme.
Editorial figures as of June 10, 2026. The signal feed above updates continuously.
Frequently Asked Questions
What is Figure AI worth in 2026?
Figure AI's latest confirmed valuation is $39 billion post-money, set by its Series C in September 2025 (over $1B raised, led by Parkway Venture Capital, with Brookfield, NVIDIA, Macquarie, Intel Capital, LG, Salesforce, T-Mobile, and Qualcomm participating). No newer priced round had been announced as of June 2026.
What is Figure AI's revenue?
Not publicly disclosed. Third-party estimates put 2025 shipments around 150 robots and implied near-term revenue in the low tens of millions — unconfirmed. Practically, the $39B valuation is priced on the humanoid-robotics total addressable market and Figure's execution pace, not on current revenue.
Is Figure AI going public?
There is no S-1 and no announced date. Secondary-market trackers speculate about a 2027–28 window, but that is estimate-grade, not company guidance. The signals to watch first are commercial: paid deployments, fleet sizes, and per-robot economics.
Why did Figure's valuation jump 15x in 19 months?
Three compounding stories: the BMW manufacturing deployment moving from pilot to multi-unit, the in-house Helix vision-language-action model replacing the earlier OpenAI partnership, and the broader 2025 repricing of humanoid robotics as "the next frontier-AI market." It was the largest markup in robotics history — and it happened on conviction, not financials.