Bringing Humanoid Robots Into Industry

Figure AI has emerged as one of the most closely watched companies in the humanoid robotics sector, rapidly growing from a startup founded in 2022 to a multibillion-dollar company focused on developing general-purpose robots capable of working alongside humans.

Founded by Brett Adcock, the company aims to combine advanced artificial intelligence with humanoid robotics to perform physical tasks across factories, warehouses, and eventually homes. Figure's rapid rise has been fueled by major funding rounds, strategic partnerships, and growing investor interest in AI-powered automation.

Adcock, who previously co-founded Archer Aviation and Vettery, launched Figure AI with the vision of giving artificial intelligence a physical presence capable of interacting with the real world.

After emerging from stealth mode in 2023, Figure AI quickly attracted industry attention. In 2024, the company raised $675 million in Series B funding at a valuation of $2.6 billion, backed by major investors including Microsoft, NVIDIA, Intel Capital, the OpenAI Startup Fund, and Jeff Bezos through Bezos Expeditions.

In September 2025, the company secured more than $1 billion in Series C financing, reaching a post-money valuation of $39 billion. The funding round was led by Parkway Venture Capital and included participation from investors such as Brookfield Asset Management, Macquarie Capital, LG Technology Ventures, Salesforce, Qualcomm Ventures, NVIDIA, and Intel Capital.

The company’s flagship product is the Figure 03, its third-generation humanoid robot platform introduced in October 2025. The robot was redesigned across both hardware and software to support more natural movement, safer human interaction, and scalable manufacturing.

To support future production, Figure has invested in BotQ, a dedicated manufacturing facility designed for high-volume robot production. The company says the facility’s first-generation production line will be capable of manufacturing up to 12,000 humanoid robots annually.