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Deep Tech / Robotics · Series B

Figure AI

General-purpose humanoid robotics company building autonomous machines for real-world commercial and industrial applications.

Key metrics

Initial investment
$100K
Current value
$1.5M
Entry valuation
$2.5B
Latest valuation
$39B
Current MOIC
15.4x
Base case
$2M
Bull case
$4M
Conviction
5/5

Key value driver

15.4x already; ~740 robots deployed Jun 2026 at 1/hr production; $14B LOI pipeline thru 2029 (Amazon, Mercedes); BMW + Catalyst Brands live

Primary risk

Secondaries imply $27-34B vs the $39B round (12-32% haircut to realizable value); X Square benchmark pressure; Tesla competition; LOIs are not contracts

Latest news

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