News Summary

Silicon Valley-based robotics startup Figure AI is reportedly in discussions to raise a substantial $1.5 billion funding round, valuing the company at $39.5 billion. This new valuation is 15 times higher than its previous $2.6 billion post-money valuation from last year’s $675 million Series B round. The current funding initiative is expected to be led by Align Ventures and Parkway Venture Capital. Figure AI, known for developing humanoid robots for both commercial and residential purposes, has already secured BMW as a customer. The company aims to expand its reach, having signed a second unnamed commercial customer, and foresees the potential to ship up to 100,000 humanoid robots.