Figure is a robotics company that launched in 2022 aims to bring a bring a general purpose humanoid to life. Their humanoid called Figure 01 is AI-powered with dexterity of the human form and ability to learn and improve its ability. Figure envisions humanoids to overcome shrinking labor force by using them to support across manufacturing, logistics, warehousing, and retail.

In February 2024 Figure raised $675M in a Series B round, raising its valuation to $2.6B. This represents a 6-fold increase from its Series A valuation of $445.6M which occured in April 2023.

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Latest News and Updates on Figure AI

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This OpenAI-Powered Humanoid Robot Is Jaw-Droppingly Creepy,  March 14th 2024- Figure AI uses OpenAI’s artificial intelligence to build humanoid robot with "visual reasoning and language understanding." Click here to read more.

‍Figure rides the humanoid robot hype wave to $2.6B valuation, February 29, 2024 - Figure AI raises $675 million in its Series B round that values the company at $2.6 billion post-money. Investors in this round included Microsoft, OpenAI Startup Fund, Nvidia, Amazon Industrial Innovation Fund, Jeff Bezos, Parkway Venture Capital, Intel Capital, Align Ventures and ARK Invest. Click here to read more.

Humanoid AI robots to transform BMW manufacturing plan, January 22nd 2024 - BMW partners with Figure AI to introduce humanoid robots into the manufacturing process.  Click here to read more.

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Figure AI's Financial Data

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Return on Investment (ROI)

ROI computed as of June 17, 2024.

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Series B Valuation

<span class="date">2024-02-26</span>
<span class="value">$2.6B</span>

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Implied Valuation

<span class="date">2024-06-17</span>
<span class="value">$2.53B</span>

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Change Since Last Round

<span class="date">2024-02-26 → 2024-06-17</span>

<span class="value red">-2.69%</span>

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Funding Round in USD

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Quarterly Bid:Ask Volume Ratio

ApeVue highlights the quarterly bid:ask volume ratio where there was at least three institutionally-sized broker contributions within that period. ApeVue did not observe  activity for Figure AI pre-2024. Since the activity trickled in, Figure AI's broker contributions have been mostly on the bid-side, at 78% during Q1 of 2024 and 60% between April 1, 2024 and June 17, 2024.

Activity

Figure AI's institutional-level ($1M+) secondary market activity is trending upward reaching 13 unique broker contributions on April 19, 2024 and stands at 8 as of June 17th, 2024.