Silicon Valley-based robotics startup Figure AI is in talks to raise a massive $1.5 billion round at a $39.5 billion valuation, Bloomberg reports.
That’s a whopping 15 times higher than Figure’s $2.6 billion post-money valuation for its $675 million Series B last year. Figure’s current round is expected to be led by Align Ventures and Parkway Venture Capital, Bloomberg reported.
Figure builds humanoid robots for commercial and residential purposes. Humanoid robots are all the rage thanks to the AI boom: Austin-based Apptronik just raised $350 million while Meta is reportedly looking to get into robotics, too.
Figure has already sold some robots to BMW. Its founder Brett Adcock posted last month that Figure has signed on a second (unnamed) commercial customer and sees the potential to ship 100,000 humanoid robots.
Figure declined to comment.