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Robotics / COMPANY INTELLIGENCE

Figure

Develops general-purpose humanoid robots for commercial work environments.

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 founder

Selected 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.

  1. Equity

    Series C committed capital

    Disclosed amountMore than $1B
    Post-money valuation$39B

    Named 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.

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.

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.

What could work

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.
What could go wrong

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.

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.