Figure humanoids
General-purpose humanoid robots for industrial and home tasks.
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Robotics · Humanoid Robotics
Figure
Develops general-purpose humanoid robots for commercial work environments.
- Research status
- Research coverage
- Headquarters
- San Jose, CA
- Coverage
- 2 product lines mapped
- Last reviewed
- September 2026
Product map
What the company builds
Products and operating platforms help connect company-level news to the revenue pools, customers, competitors, and supply chains it may affect.
Helix
Vision-language-action intelligence for humanoid robots.
01 / THE BUSINESS
How Figure creates value.
Develops general-purpose humanoid robots for commercial work environments. The research focus is whether customer adoption can support attractive economics after development, delivery and ongoing service costs.
SectorRobotics
Founder coverage1 profile
Research checkedSep 18, 2026
02 / PEOPLE BEHIND THE COMPANY
Meet the builders.
Co-founder
Brett Adcock
Brett Adcock is a co-founder of Figure. The company’s founding and leadership material provides context for its work in humanoid robotics.
Explore founderSelected founders; historical founding roles are distinct from current management positions.
03 / CAPITAL & OWNERSHIP
Follow the financing.
Selected disclosed events, newest first. Announcement values describe that transaction and date; they are not current share prices. Debt, equity and secondary transactions are identified separately.
- Equity
Series C committed capital
Disclosed amountMore than $1BPost-money valuation$39BNamed participants: Parkway Venture Capital · Brookfield Asset Management · NVIDIA · Macquarie Capital · Intel Capital · Align Ventures · Tamarack Global · LG Technology Ventures · Salesforce · T-Mobile Ventures · Qualcomm Ventures
The company describes committed capital, which is not necessarily the same as cash received on the announcement date.
Read the announcement
Explore the named investors.
Parkway Venture CapitalBrookfield Asset ManagementNVIDIAMacquarie CapitalIntel CapitalAlign VenturesTamarack GlobalLG Technology VenturesSalesforceT-Mobile VenturesQualcomm Ventures
Names refer to the cited transactions. They do not establish current ownership, ownership percentages, or endorsement of this website.
04 / IN THEIR OWN WORDS
Watch. Listen. Form your view.
Figure
Figure — official video channel
Product demonstrations, company presentations and original updates, linked from the company’s own website.
Visit original material ↗Interviews reflect the speaker’s perspective at publication. Company statements are not independent verification.
05 / EDITORIAL ANALYSIS
The opportunity. The open questions.
Our interpretation of the business model and cited sources, not a valuation or a recommendation.
The case to investigate
- The speed from prototype demonstrations to useful, repeatable paid deployments.
- A stronger product position becomes economically meaningful when customers renew, expand and pay enough to cover delivery costs.
Pressure-test the thesis
- Capital intensity.
- Deployment reliability.
- Unproven unit economics.
What to watch next
01
Customer pilots — what changed in the latest original disclosure?
02
Task reliability — what changed in the latest original disclosure?
03
Manufacturing cost curve — what changed in the latest original disclosure?
YOUR RESEARCH WORKSPACE
Keep the questions that matter.
Use this checklist to record what you have investigated. Your notes stay in this browser.
06 / RESEARCH TRAIL
Go straight to the source.
Company overviewfigure.aiFounding & leadership backgroundfigure.aiSeries C committed capitalfigure.ai · Sep 16, 2025
Research checked Sep 18, 2026. Selected public disclosures, not a complete capitalization table or securities-filing search. Missing information is left unconfirmed. No investment availability or IPO date is implied.
The speed from prototype demonstrations to useful, repeatable paid deployments.
Private-company information is incomplete, episodic, and difficult to verify. Treat every data point as a starting point for diligence—not a substitute for company-approved materials, legal review, or investment analysis.
Add to my private currentSignals to monitor
Customer pilotsTask reliabilityManufacturing cost curveRisks to underwrite
Capital intensityDeployment reliabilityUnproven unit economics Underwriting map
What an investor should actually diligence
Measure useful work delivered, not demonstrations. The key bridge is from a supervised pilot to repeatable deployments with improving utilization, reliability, service burden, and customer payback.
Buyer map
01
Manufacturers and warehouses
02
Logistics operators
03
Automotive and industrial firms
04
Research and development partners
Economics to request
01
Paid deployments and contracted units
02
Hours between intervention
03
Bill-of-materials trajectory
04
Deployment and support labor per unit
05
Robot-as-a-service contribution margin
Moat tests
01
Performance generalizes beyond staged tasks
02
Data flywheel improves deployment speed
03
Hardware supply chain can scale
04
Customer payback survives labor and financing assumptions
Milestone map
01
Pilot-to-production conversion
02
Manufacturing ramp
03
Autonomy reliability gain
04
New task or environment deployment
Comparable lensesIndustrial automationWarehouse roboticsAutonomous vehiclesAI software and sensors
Underwriting framework
How to diligence Figure
A company-specific starting point based on the operating realities of robotics. Replace assumptions with verified company materials, customer evidence, legal documents, and expert work.
Hardware gross margin
Service and software revenue per deployed unit
Manufacturing cost curve
Customer payback period
Paid deployments and renewals
Robot-hours without intervention
Task reliability across environments
Serviceability and fleet uptime
Industrial automation
Machine vision
Warehouse robotics
Labor and fixed-automation alternatives
Does the demo generalize?
Who carries maintenance and downtime risk?
Which component controls cost?
How much new data improves performance?
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