Figure AI — Startup Profile
Building general-purpose humanoid robots for the real world
HQ: Sunnyvale, California, USA | Founded: 2022 | Employees: 632 (as of March 2026, per Revelio Labs) | Stage: Late-Stage Private / Pre-IPO | Website: https://www.figure.ai
About
Figure AI is an AI robotics company building general-purpose humanoid robots designed to operate in human environments—factories, warehouses, and homes. Founded in 2022 by Brett Adcock in Sunnyvale, California, the company went from zero to a working humanoid prototype in under 12 months, an industry record. Figure's approach combines proprietary hardware (custom actuators, dexterous hands, sensor suites) with its in-house Helix Vision-Language-Action AI model, giving it full-stack control from perception through motor execution.
The company's Figure 02 robot completed an 11-month commercial trial at BMW's Spartanburg, South Carolina plant, contributing to the production of over 30,000 BMW X3 vehicles and moving 90,000+ parts with 99% accuracy. Figure 03, unveiled in October 2025, is the production-grade model standing 5'8", weighing 61 kg, with 48+ degrees of freedom, 20 kg payload capacity, wireless inductive foot charging, and tactile fingertip sensors detecting forces as small as 3 grams. The company operates the BotQ manufacturing facility in California, which ramped from one robot per day to one robot per hour between January and May 2026.
Figure has raised approximately $1.9 billion across Seed, Series A ($70M), Series B ($675M), and Series C ($1B+) rounds, reaching a $39 billion post-money valuation. Backers include Microsoft, NVIDIA, Intel Capital, OpenAI Startup Fund, Jeff Bezos, Brookfield Asset Management, Salesforce, and Qualcomm Ventures. As of June 2026, Figure AI became the first company where deployed robots outnumber human employees—over 750 robots operating alongside approximately 600 humans.
The Take
Figure AI is the most-capitalized pure-play humanoid robotics company in the world, with $1.9B raised at a $39B valuation. Founded by serial entrepreneur Brett Adcock in 2022, the company has moved faster than any competitor from founding to commercial deployment—its Figure 02 robot built 30,000+ cars at BMW's Spartanburg plant with 99% accuracy. With the production-grade Figure 03 now rolling off the BotQ factory line at one robot per hour, Figure is the leading U.S. contender in the race to put general-purpose humanoid robots to work in factories, warehouses, and eventually homes.
Key Metrics
- Total Funding Raised: $1.9B+
- Valuation: $39B (Series C, Sep 2025)
- Employees: ~632 (March 2026)
- Production Rate: 1 robot/hour (May 2026)
- BMW Deployment: 30,000+ cars built, 90,000+ parts moved
- Robot Models: 3 (Figure 01, 02, 03)
- BotQ Factory Capacity: 12,000 units/year initial, 100,000/year target
- Key AI Platform: Helix VLA (proprietary)
Funding Rounds
- Round: ~$100M (2022-01-01) — Brett Adcock (self-funded)
- Round: $70M (2023-05-24) — Parkway Venture Capital
- Round: $675M (2024-02-23) — Microsoft, OpenAI Startup Fund, NVIDIA
- Round: $1B+ (2025-09-16) — Parkway Venture Capital
Key People
- Brett Adcock
- Jerry Pratt
- Lee Randaccio
- Logan Berkowitz
- Mathew DeDonato
Key Competitors
- Tesla Optimus —
- Boston Dynamics Atlas (Hyundai) —
- Agility Robotics Digit —
- 1X Technologies NEO —
- Apptronik Apollo —
- Unitree Robotics —
Timeline Highlights
- 2026-09-03: Nscale partnership for 100K GPUs
- 2026-08-25: Index platform announced
- 2026-06-30: Figure 03 arrives at BMW
- 2026-06-20: Robots outnumber humans at Figure
- 2026-05-26: Catalyst Brands partnership signed
- 2026-05-21: CEO Brett Adcock launches Hark AI lab
- 2026-05: One robot per hour milestone
- 2026-04: BotQ production reaches 240 robots/month
- 2026-01: Helix 02 announced with full-body autonomy
- 2025-11: F.02 contributed to 30,000 BMW cars
- 2025-10-09: Figure 03 unveiled
- 2025-09-16: Series C: $1B+ at $39B valuation
- 2025-08: Helix learns to fold laundry
- 2025-03: BotQ factory unveiled
- 2025-02: Helix VLA model announced
- 2025-01: Figure AI drops OpenAI partnership
- 2024-12: Figure 02 shipped to paying customer
- 2024-08: Figure 02 unveiled
- 2024-03: OpenAI partnership for speech-to-speech reasoning
- 2024-02: Series B: $675M raised at $2.6B valuation
- 2024-01: BMW partnership announced
- 2023-10: Figure 01 takes first public steps
- 2023-05: Series A: $70M raised
- 2023-03: Figure emerges from stealth
- 2022-01: Figure AI founded by Brett Adcock
Recent News
- Figure and Nscale Sign Strategic Partnership For Up to 100,000 GPUs on NVIDIA Vera Rubin Platform (2026-09-03)
- Figure 03 Arrives at BMW (2026-06-30)
- Robots Now Outnumber Humans at Figure (2026-06-20)
- Figure Signs Agreement with Catalyst Brands to Scale Humanoid Operations (2026-05-26)
- Ramping Figure 03 Production (2026-04-29)
- Figure CEO Brett Adcock's Hark Raises $700M, Eyes AI Hardware (2026-05-21)
- F.02 Contributed to the Production of 30,000 Cars at BMW (2025-11-19)
- Figure Exceeds $1B in Series C Funding at $39B Post-Money Valuation (2025-09-16)
- Introducing Figure 03 (2025-10-09)
- Introducing Helix 02: Full-Body Autonomy (2026-01-27)
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