Figure AI in 2026: Revenue, Valuation, Funding, CEO

Figure AI at a glance

Figure AI, often just Figure, builds humanoid robots meant to do the manual work people do in factories, warehouses and, later, homes. Its robots run Helix, a vision-language-action model Figure trains itself, which turns camera images and spoken instructions into movements (Figure). Figure AI is not Figure Technology Solutions, the lender at figure.com.

Figure in 2026: Figure 03 in production

Figure 03, unveiled on October 9, 2025, was “designed for Helix, the home, and the world at scale” and is built at BotQ, Figure’s factory, whose first line can make up to 12,000 robots a year; the goal is 100,000 over four years (Figure). By April 29, 2026 Figure had delivered more than 350 and reached one robot an hour (Figure), and in July it built its 1,000th. It doesn’t say how many have gone to customers.

Figure 04 reached design lock in May 2026. In August Figure launched Index, an app that pays people to record themselves doing everyday tasks, to train its robots, and said it would spend over $1 billion on data and compute in a year (Figure); in September it agreed to buy $3.5 billion of computing from Nscale, which also invested in Figure (Figure). Adcock has spoken of leasing robots to homes for about $600 a month; no price has been published.

Who owns Figure AI?

Figure is private. Brett Adcock owns an estimated 50% (Forbes). Parkway Venture Capital led its Series A and Series C; the Series B brought in Microsoft, the OpenAI Startup Fund, Nvidia, Jeff Bezos, Intel Capital, Align Ventures and ARK Invest, and the Series C Brookfield, Macquarie, Salesforce, Qualcomm, LG and T-Mobile’s venture arms. Figure says any sale of its shares that its board hasn’t approved is void, and has warned investors off unapproved brokers. In May 2026 it bought back $100 million of shares from employees (X).

What is Figure AI’s revenue?

Figure doesn’t disclose revenue, and its one SEC filing declined to give a range. Adcock says customers pay for every robot they have, under contracts that allocate a number of robots. The only large figure in circulation is an investor’s projection: a memo to would-be investors said 100,000 robots over four years would mean $9 billion in annual recurring revenue at current prices. That is a sales pitch, not revenue.

Figure AI ARR (annual recurring revenue)

Not disclosed. Figure plans to sell robots as a service, leased by the month, which would make its revenue recurring, but it has never published an ARR figure, and we don’t estimate one.

Figure AI MRR (monthly recurring revenue)

Figure doesn’t publish MRR, and with no revenue figure there is nothing to divide.

How much has Figure AI raised? Funding and valuation

About $1.75 billion in three equity rounds, on top of the roughly $100 million Adcock put in to start the company (TechCrunch). Its valuation went from $2.6 billion to $39 billion in 19 months. Nothing has been announced since, though a board member said in October 2026 that Figure was closing “billions” as an extension of the Series C, which the company didn’t confirm.

The company is Figure AI Inc., a Delaware corporation; its Series B is its only Form D filing (SEC). Later rounds went partly through special-purpose vehicles run by its lead investors.

What does Figure AI make? Products

Figure came out of stealth in March 2023 with Figure 01. With the Series B it signed a deal with OpenAI to build models for its robots, then ended it on February 4, 2025: “Figure made a major breakthrough on fully end-to-end robot AI, built entirely in-house,” Adcock wrote (X). OpenAI later said the split came from Figure’s missed deliverables. Helix followed two weeks later.

Customers

BMW was the first, in January 2024. Figure says its Figure 02 robots loaded more than 90,000 parts over 11 months at BMW’s Spartanburg plant (Figure); BMW has said only one robot worked at a time, and that a 2026 test of Figure 03 has ended. Catalyst Brands, the owner of JCPenney, signed in May 2026 to use Figure robots in its Reno distribution center (Figure). Brookfield, an investor, lends its buildings and homes for data. A second commercial customer, announced in January 2025, has never been named.

Figure AI vs Tesla Optimus, Agility and Apptronik

Figure is the most highly valued humanoid startup. Tesla began early production of Optimus in Fremont in October 2026; Agility Robotics agreed in June 2026 to go public through a SPAC at $2.5 billion; Apptronik has raised $935 million at more than $5 billion (TechCrunch); and China’s Unitree listed in Shanghai in August 2026 at about $9 billion. 1X and Boston Dynamics also build humanoids.

Who is the CEO of Figure AI?

Brett Adcock, who founded Figure in 2022 after co-founding the hiring marketplace Vettery, sold to Adecco in 2018, and the air-taxi maker Archer Aviation. He also runs Hark, an AI lab, and Cover, a weapons-detection startup. Forbes puts his net worth at $23.4 billion, most of it his Figure stake. Figure’s founding CTO, Jerry Pratt, left in 2024.

Brett Adcock’s bio and contact routes: Figure AI CEO Brett Adcock: email, LinkedIn and bio.

The safety lawsuit

In November 2025 Robert Gruendel, Figure’s former head of product safety, sued the company, saying he was fired after warning executives that its robots were powerful enough to fracture a human skull. Figure says he was fired for poor performance and calls the allegations falsehoods (CNBC). The case is pending.

Where is Figure AI based?

San Jose, California, at 3960 North First Street, where BotQ sits on the same campus (Figure). Figure moved there from Sunnyvale in 2025. It doesn’t publish a headcount. In June 2026 Adcock said it had “~314 salaried employees, the rest are hourly/contractors” (X), with robots by then outnumbering people, and in October that the team had doubled in a year.

What is Figure AI’s email format?

Figure AI staff use {first}.{last}@figure.ai, such as maya.chen@figure.ai for a fictional Maya Chen. Figure’s domain is figure.ai; figure.com belongs to a different company, the lender Figure Technology Solutions.

All patterns, domains and official inboxes: Figure AI email format.

Key events

More on Figure AI and similar companies

• Figure AI email format: the staff pattern, and figure.ai vs figure.com

• Figure AI CEO Brett Adcock: from an Illinois farm to a humanoid robot company

• Humanoid robot companies: Figure and its rivals

• Robotics companies: robotics and automation companies

• Sunnyvale companies: technology companies in and around Sunnyvale

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