Funding round
Figure Series B
Figure, which works in humanoid robot manufacturing in San Jose, raised $675M in a Series B round announced on 29 Feb 2024, at a $2.60B post-money valuation. 9 firms took part. It is Figure's third venture round on record; the one before was a Series A in May 2023.
$675M
Amount raised
$2.60B
Post-money valuation
$1.93B pre-money
9
Investors
no lead named
5.2x
Step-up from the Series A
$500M in May 2023
26%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Figure at $2.60B after the new money, 5.2 times the $500M of its Series A (May 2023). The $675M bought investors about 26% of the company. It came 9 months after Figure's Series A. It is 13% of the $5.34B Figure has raised in the venture rounds on record. Figure raised again 19 months later: a Series C round of $1.00B in Sep 2025, at $39.00B post-money.
Figure's funding rounds
Figure has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
9 firms took part; no lead investor was named.
Investors
- Microsoft new investor
- OpenAI Startup Fund new investor
- NVIDIA new investor
- Bezos Expeditions new investor
- backs 9 venture-backed companies new investor
- Intel Capital backs 239 venture-backed companies new investor
- Align Ventures new investor
- ARK Invest backs 29 venture-backed companies new investor
- Amazon Industrial Innovation Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
27 Series B rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $37M, and this round was 18 times the median. The closest in time, other companies' Series B rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 26 Feb 2024 | $43M | $500M | Lightspeed Venture Partners |
| Industrial Machinery & Supplies | 13 Jan 2024 | $100M | not disclosed | EQT Ventures |
| Industrial Machinery & Supplies | 18 Mar 2024 | $21M | not disclosed | The Ecosystem Integrity Fund |
| Industrial Machinery & Supplies | 27 Mar 2024 | $13M | not disclosed | Circular Innovation Fund and ECBF |
| Industrial Machinery & Supplies | 1 Jan 2024 | $12M | not disclosed | not named |
| Industrial Machinery & Supplies | 20 Mar 2024 | $11M | not disclosed | not named |
| Industrial Machinery & Supplies | 10 Apr 2024 | $100M | not disclosed | General Catalyst |
| Industrial Machinery & Supplies | 18 Apr 2024 | $74M | not disclosed | Entrée Capital and Target Global |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Figure raise in its Series B round?
Figure raised $675M in its Series B round, announced in Feb 2024.
Which investors took part in Figure's Series B round?
Microsoft, OpenAI Startup Fund, NVIDIA, Bezos Expeditions, Parkway Venture Capital and Intel Capital and 3 more.
What was Figure's valuation at the Series B round?
$2.60B post-money ($1.93B pre-money).
How does it compare with other Series B rounds in Industrial Machinery & Supplies?
27 Series B rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $37M, and this round was 18 times the median.
Did Figure raise again after this round?
Yes: a Series C round in Sep 2025 of $1.00B at $39.00B post-money.