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TheTechno Optimist.

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Figure

Humanoids, Helix AI, BotQ factory

US$39B private~600 staffest. 2022figure.ai (opens figure.ai)Checked 25 Sep

The brief

Analyst view
  • Figure 02 worked about 11 months at BMW Spartanburg. Figure 03 arrived there in June 2026.
  • All its AI is in-house: Helix (Feb 2025), Helix 02 (Jan 2026) and Helix 2.5 (Sep 2026).
  • BotQ went from 1 robot a day (Jan 2026) to 1 an hour (Apr 2026). First line: 12,000 robots a year.

Technical approach

As reported
Actuation

All-electric body designed in-house

In-house electric actuators instead of hydraulics. Figure 03's run about 2x faster than Figure 02's, and the robot is 9% lighter.

Hands

Touch-sensing fingertips and palm cameras

Fingertips feel forces as small as 3 grams. A camera in each palm sees what the fingers hide while grasping.

Control

Helix: slow thinking, fast moving

A big AI model reads the scene a few times a second. A small, fast one moves the joints 200 times a second.

Manufacturing

Designed for volume at BotQ

Figure 03 uses cast, moulded and stamped parts instead of machined ones, so it has far fewer parts and assembly steps.

Programs

Figure, three programs

Updated 23d ago
Figure 03Figure's third humanoid, built for mass production. It adds touch-sensing fingertips, palm cameras, a soft fabric cover and wireless charging through its feet.DeployNextScale multi-site fleet deploymentsUpdated 30 Jun 2026View program →HelixFigure's own robot AI. A slow model understands the scene and a fast one moves the body, all running on the robot. Helix 2.5 aims to work in any home.PilotNextReliable autonomy in customer homesUpdated 23d agoView program →BotQFigure's humanoid factory in California. Its first line can make up to 12,000 robots a year. The stated goal is 100,000 robots in 4 years.ScalingNextFirst line at 12,000-robot annual capacityUpdated 29 Apr 2026View program →
Research · Proto · Pilot · Deploy · Scaling

Research & demos

5 items

Open technical problems

Open · Active · Partial
  • Reliability over whole shiftsActive research

    Factories need robots that run whole shifts with few human rescues. How often Figure's robots break down is not public.

  • Working in unseen homesActive research

    Every home is different. Figure says Helix 2.5 worked in 30 unseen homes, but doing so reliably is still unsolved.

  • Safety near peopleOpen

    Safety rules for balancing robots beside people are still being written. A 2025 lawsuit by Figure's ex-safety head made it public.

Upcoming catalysts

Company-wide
  • 2027BotQ's first line approaches its 12,000-robot annual design capacityFigure 03by ~15 mo

Peers

Humanoids · 4

Company & funding

3 rounds · as reported
Valuation
$39Bprivate
Raised
$1.7Bdisclosed private rounds
Last round
Series C16 Sep 2025
Staff
~600as of 2025
HQ
US
Founded
2022
$1B$10B$100B20232024202520262027$2.6B$39B

Post-money valuation, log scale

DateRoundAmountPost-moneyLead
16 Sep 2025Series C$1B$39BParkway Venture Capital
29 Feb 2024Series B$675M$2.6B—
May 2023Series A$70M—Parkway Venture Capital

Partners & customers

2 customers · 2 partners · 1 investor · 1 supplier

People

Key people
Primer