AI robotics company Figure secured over $1 billion in funding, valuing the firm at $39 billion. The Series C round was led by Parkway Venture Capital, with participation from Nvidia, Intel, and others. U.S. startup funding is up 75.6%, driven by AI investments. Investors see humanoids as crucial in AI development.

Figure’s latest funding round valued the firm significantly higher than last year. Investors are increasingly interested in humanoids for their potential in various industries. Startups and tech giants like Nvidia and Tesla are racing to develop humanoid robots. Figure plans to use the capital to scale robots and improve infrastructure.

Investors are pouring funds into companies like Figure to develop humanoid robots for various tasks. The surge in VC interest is driven by demand for automation and advances in AI technology. Figure CEO Brett Adcock sees this milestone as crucial for growth. The funding round also included investment from major firms like Brookfield Asset Management.

Read more at Yahoo Finance: Robotics startup Figure valued at $39 billion in latest funding round