Figure Exceeds $1 Billion in Committed Capital, Accelerating AI Robotics Development

Strategic Insights -

Figure, the AI robotics company, has surpassed $1 billion in committed capital through its Series C financing round, reaching a post-money valuation of $39 billion. This significant funding milestone will enable the company to accelerate its efforts in developing general-purpose humanoid robots for real-world environments. The round was led by Parkway Venture Capital, with notable investments from prominent companies such as Brookfield Asset Management, NVIDIA, and Intel Capital.

Key Takeaways:

  • Figure's Series C financing round exceeded $1 billion in committed capital, reaching a post-money valuation of $39 billion.
  • The funding will accelerate the company's efforts to bring general-purpose humanoid robots into real-world environments at scale.
  • The round was led by Parkway Venture Capital, with significant investments from multiple prominent companies, including Brookfield Asset Management, NVIDIA, and Intel Capital.
  • Latham & Watkins represented Brookfield Asset Management in the transaction, with an Emerging Companies & Growth team led by partners Benjamin Potter and Haim Zaltzman.
  • Figure's AI robotics technology aims to bring humanoid robots into various environments, including commercial and industrial settings.

Statistics:

  • Figure's post-money valuation reached $39 billion through the Series C financing round.
  • The company exceeded $1 billion in committed capital through the round.
  • The round was led by Parkway Venture Capital, with significant investments from multiple prominent companies.
  • Latham & Watkins' Emerging Companies & Growth team, led by partners Benjamin Potter and Haim Zaltzman, represented Brookfield Asset Management in the transaction.

Sources:

  • Latham & Watkins LLP, "Latham & Watkins Represents Investor Brookfield Asset Management in Funding Round for Figure" (September 26, 2017)
  • Contify.com, "Latham & Watkins Represents Investor Brookfield Asset Management in Funding Round for Figure" (2017)