Figure AI in discussions for $1.5 billion funding round, $39.5 billion valuation - Bloomberg
Investing.com -- Figure AI Inc., a startup focused on developing humanoid robots, is in advanced discussions with investors to secure $1.5 billion in funding, according to Bloomberg News, citing people familiar with the matter. This move would value the company at $39.5 billion. This development showcases the growing interest in the tech industry for robots that resemble and move like humans.
The funding round is expected to be spearheaded by Align (NASDAQ: ALGN ) Ventures and Parkway Venture Capital, as per the insiders who requested anonymity due to the private nature of the information. The specifics of the transaction are yet to be finalized and may be subject to changes.
If successful, this funding round would result in a significant increase in the startup's valuation, which stood at $2.6 billion in a previous deal last year. Investors then included Microsoft (NASDAQ: MSFT ), OpenAI, Nvidia (NASDAQ: NVDA ), and Amazon (NASDAQ: AMZN )'s Jeff Bezos.
The surge in investor interest in Figure AI is largely due to a recent breakthrough in advanced reasoning capabilities. This development has accelerated the company's timeline for widespread adoption of its products. The startup now anticipates its machines could be ready for household use within the next few years.
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