Figure AI was reported to be discussing a $1.5 billion funding round at a $39.5 billion valuation in February 2025, but those terms were not final. In September, the company announced a different, completed disclosure: more than $1 billion in committed Series C capital at a $39 billion post-money valuation.
Did Figure AI raise $1.5 billion?
Not on the terms described in the February report. Bloomberg reported on February 14, 2025, that Figure AI was in talks to raise $1.5 billion at a $39.5 billion valuation. The report cited people familiar with the private discussions, and Bloomberg said the terms were unfinished and could change. Figure declined to comment. Bloomberg News reported the proposed terms.
On September 16, 2025, Figure announced that its Series C had exceeded $1 billion in committed capital at a $39 billion post-money valuation. That later company announcement is the clearest public account of the round’s stated outcome; it does not establish that the earlier proposed $1.5 billion transaction closed as described. Figure’s Series C announcement.
| Disclosure | Amount | Valuation | Status and source |
|---|---|---|---|
| February 14, 2025 | $1.5 billion | $39.5 billion | Reported as proposed terms in fundraising talks; Bloomberg said terms were not finalized and could change. |
| September 16, 2025 | More than $1 billion in committed capital | $39 billion post-money | Announced by Figure as its Series C financing. |
The figures are separate snapshots, not two interchangeable descriptions of a single finalized transaction. The public disclosures do not provide enough detail to reconstruct precisely how the private discussions evolved into the later announcement.
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- Meet EMO, Your New Desk Buddy - Say hello to EMO, the ultimate desk robot that’s here to jazz up your workspace. With built-in AI model and wide-angle camera, it can see you, hear you and understand you, just like a real pet would
- Voice Commands Enabled - The EMO robot comes with a series of built-in voice commands, you can talk and play with EMO like with a real pet. And with the ability to connect to network and powered by ChatGPT, you can have more complex conversations with EMO like talking to a tech-savvy friend who’s always up for a chat
- Dance Party & Game Time - EMO is ready to party! Simply turn up your favorite tunes and tell EMO to dance with you, it’ll be your perfect desk-side party buddy. Plus, EMO supports to connect to the EMO app for a range of interactive games and activities. Whether you’re solo or with friends, EMO ensures you’re always entertained
- Endless Fun - The EMO robot features with multiple sensors built-in to bring more interactions with you, you can rub it, shake it and even “shoot” it with finger gesture, making it feel like you’re playing with a real pet. It even “gets sick” with weather changes, so you can care for it like you would a furry friend
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What does “15x its last valuation” mean?
The “15x” comparison refers to valuation, not a return, revenue multiple, or measure of robot production. TechCrunch compared the proposed $39.5 billion valuation with Figure’s prior $2.6 billion post-money valuation for its $675 million Series B. Dividing $39.5 billion by $2.6 billion gives roughly 15.2, rounded to 15x in the headline. TechCrunch’s February 2025 report gives that prior-round comparison.
A valuation increase between funding rounds does not by itself show that a company’s revenue, operating performance, or delivered robot volume rose by the same factor. The later announced $39 billion post-money valuation was also $500 million below the $39.5 billion figure in the earlier report, but the sources do not establish that this difference represents a negotiated reduction from identical final terms.
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- Emotional AI Interaction：The intelligent chatbot responds to conversations and emotions, creating engaging interactions that make the robot feel like a real companion.
- Singing & Dancing Entertainment：Enjoy built-in music and dance routines. The robot performs lively movements and songs to entertain users of all ages.
- The perfect festive gift: this fun and interactive chatbot is ideal for birthdays, holidays and special occasions. Whether it’s for a child, a friend or anyone who loves smart gadgets, they’ll simply adore it. Along with the bot, you’ll also receive a pair of antlers to decorate your headphones, making your bot look even cooler.
- Expressive Emoji Display：Animated emoji expressions react to conversations and actions, bringing personality and charm to every interaction.
- Voice Control & Smart Conversation：Simply speak to activate voice interaction. The robot listens and responds, making communication easy and natural.
Who was expected to invest, and who did Figure name later?
In February, Bloomberg reported that Align Ventures and Parkway Venture Capital were expected to lead the proposed financing. Figure’s September announcement named Parkway as the Series C lead and listed Align among its significant investors. The company also named Brookfield Asset Management, NVIDIA, Macquarie Capital, Intel Capital, Tamarack Global, LG Technology Ventures, Salesforce, T-Mobile Ventures, and Qualcomm Ventures as significant investors.
The later investor list reflects Figure’s own announcement of the Series C. It does not independently verify every detail of the earlier private discussions or establish individual investment amounts.
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What Figure said the funding would support
Figure describes its goal as bringing general-purpose humanoid robots into real-world environments. In announcing the Series C, it said the capital would support household and commercial deployments, production manufacturing at BotQ, GPU infrastructure for training and simulation, and data collection to improve its Helix AI system. These are company-stated priorities, not confirmation that all planned deployments or production targets have been achieved.
Separately, TechCrunch reported in February 2025 that Figure had sold robots to BMW and that founder Brett Adcock had posted that a second commercial customer had signed. Those are contemporaneous reports about commercial activity; Figure’s September funding announcement did not update those customer details. The available sources establish a commercial robotics effort, but do not provide a consumer purchase path for Figure robots.
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