Figure Announces $1B+ Series C and Strategic Partnership with Brookfield

Gunderson Dettmer represented client Figure in its more than $1 billion Series C financing, at a post-money valuation of $39 billion. The round was led by Parkway Venture Capital with significant investment from Brookfield Asset Management, NVIDIA, Macquarie Capital, Intel Capital, Align Ventures, Tamarack Global, LG Technology Ventures, Salesforce, T-Mobile Ventures and Qualcomm Ventures.

The funding will accelerate Figure’s efforts to bring general-purpose humanoid robots into real-world environments at scale.

The firm also represented Figure in a first-of-its-kind partnership with Brookfield, one of the world’s largest alternative asset managers, with over $1 trillion of assets and 100,000 residential units under management.

Brookfield will help Figure develop the world’s largest and most diverse real-world humanoid pretraining dataset and build critical AI infrastructure for scaling Helix, Figure’s proprietary vision-language-action model and facilitate deployment of humanoid robots in new commercial settings. 

In the announcement of the partnership, Figure Founder and CEO Brett Adcock said, “This partnership marks a major milestone in our journey to build general-purpose humanoid robots.  Brookfield’s scale gives us an unmatched platform to capture massive amounts of real-world, humanlike navigation and manipulation data across a variety of household environments necessary to unlock general-purpose humanoid robots.”

The Gunderson deal team was led by Brad Krack and included Katie Gardner, Greg Kinzelman, Ben Buckwalter, Lily Kim, Damon Zhangchai, Erica Davis, Rose Wang and Mark Mabry.

Companies
Figure
Brookfield
Parkway Venture Capital
Brookfield Asset Management
NVIDIA
Macquarie Capital
Intel Capital
Align Ventures
Tamarack Global
LG Technology Ventures
Salesforce
T-Mobile Ventures
Qualcomm Ventures