Founded Year

2022

Stage

Series C | Alive

Total Raised

$1.854B

Valuation

$0000 

Last Raised

$1B | 2 days ago

Revenue

$0000 

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+18 points in the past 30 days

About Figure

Figure develops autonomous humanoid robots. The company offers robots that perform tasks autonomously, using AI to learn and execute operations in sectors such as manufacturing, logistics, warehousing, and retail, as well as in home environments. It was founded in 2022 and is based in Sunnyvale, California.

Headquarters Location

1247 Elko Drive

Sunnyvale, California, 94089,

United States

866-258-3217

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ESPs containing Figure

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Care Delivery & Navigation Tech

The healthcare humanoid robot developers market focuses on robots with human-like capabilities designed for medical environments. These robots assist healthcare professionals by performing tasks such as patient interaction, physical therapy, monitoring, and logistics support in hospitals, rehabilitation centers, and elderly care facilities. Companies in this market integrate advanced AI, sensing t…

Figure named as Leader among 10 other companies, including Tencent, Fourier, and UBTECH Robotics.

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Research containing Figure

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Figure in 23 CB Insights research briefs, most recently on Aug 27, 2025.

Expert Collections containing Figure

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Figure is included in 11 Expert Collections, including Construction Tech.

C

Construction Tech

1,508 items

Companies in the construction tech space, including additive manufacturing, construction management software, reality capture, autonomous heavy equipment, prefabricated buildings, and more

S

Supply Chain & Logistics Tech

5,262 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,287 items

R

Robotics

2,716 items

This collection includes startups developing autonomous ground robots, unmanned aerial vehicles, robotic arms, and underwater drones, among other robotic systems. This collection also includes companies developing operating systems and vision modules for robots.

A

Advanced Manufacturing

6,887 items

Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability

J

Job Site Tech

960 items

Companies in the job site tech space, including technologies to improve industries such as construction, mining, process engineering, forestry, and fieldwork

Latest Figure News

Robot End-Effector Market Report: Size, Share and Outlook by 2031

Sep 16, 2025

The robot end-effector market size was valued at US$ 5.47 billion in 2024 and is expected to reach US$ 13.76 billion by 2031. The robot end-effector market size is estimated to register a CAGR of 14.5% during 2025-2031. Traditional industrial robots often demand high upfront costs and complex infrastructure, making them less accessible to smaller businesses. In contrast, mobile collaborative robots (cobots) offer scalable automation solutions that fit the budget and operational needs of SMEs. Their user-friendly designs and intuitive programming interfaces allow firms with limited technical expertise to adopt automation easily. These cobots rely on advanced, adaptable end effectors-such as grippers, suction cups, and tool changers-to perform a wide range of tasks including assembly, packaging, material handling, and quality inspection. Moreover, the plug-and-play nature of modern end effectors perfectly suits SMEs that lack deep technical resources. Manufacturing, packaging, and logistics SMEs are increasingly using mobile cobots to improve efficiency, reduce errors, and meet rising consumer demands and production complexities. Beyond boosting productivity, these robots also address labor shortages by ensuring consistent output and effectively expanding the workforce. In 2023, the National Institute of Standards and Technology (NIST) advanced cobot adoption in SMEs through its Measurement Science for Manufacturing Robotics (MSMR) program. This initiative tackles common barriers such as dynamic work environments, technical limitations, and integration challenges by providing tailored tools, standards, and technologies-like digital twins and sensor-based end effectors-to simplify robotics integration. North America held the significant market share in 2024. As companies strive to boost productivity, accuracy, and safety, the demand for advanced robotic systems, including sophisticated end effectors, has surged. North America, with its strong industrial foundation and early adoption of smart manufacturing, leads this transformation. Industries such as automotive, aerospace, electronics, and healthcare increasingly use robotic arms with advanced end effectors to enhance assembly efficiency, perform complex tasks, and reduce human exposure to hazardous conditions. In November 2024, German auto parts manufacturer Schaeffler partnered with Agility Robotics to deploy a significant number of humanoid robots (Digit) globally by 2030, including in North America, signaling progress toward humanoid robots equipped with advanced end-effectors in manufacturing. Investment is growing in next-generation end effectors like adaptive grippers, vacuum tools, and sensor-integrated systems that enable precise, flexible operations. The rise of collaborative robots (cobots) further drives demand for end effectors designed to safely and effectively work alongside humans. In August 2024, Figure AI unveiled the humanoid robot "Figure 02," featuring advanced five-fingered robotic hands capable of lifting up to 25 kg, tested at a BMW plant in South Carolina-indicating a future of humanoid integration with sophisticated end effectors in industry. Additionally, reshoring manufacturing efforts and rising labor costs across the US and Canada are accelerating automation, particularly in small- and medium-sized enterprises (SMEs), creating expanded opportunities for end effector manufacturers. The growing e-commerce and logistics sectors also increasingly adopt robotic solutions for material handling, packaging, and sorting, all requiring customized end-of-arm tooling. ABB Ltd., SMC Corporation, DESTACO, Festo AG and Co. KG, Schmalz GmbH, KUKA AG, Piab AB, Staubli International AG, SCHUNK GmbH and Co. KG, and ZIMMER GROUP GmbH are among the key robot end-effector market players that are profiled in this market study. The overall robot end-effector market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the robot end-effector market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the robot end-effector market. TABLE OF CONTENTS ABB Ltd. Schmalz GmbH ZIMMER GROUP

Figure Frequently Asked Questions (FAQ)

  • When was Figure founded?

    Figure was founded in 2022.

  • Where is Figure's headquarters?

    Figure's headquarters is located at 1247 Elko Drive, Sunnyvale.

  • What is Figure's latest funding round?

    Figure's latest funding round is Series C.

  • How much did Figure raise?

    Figure raised a total of $1.854B.

  • Who are the investors of Figure?

    Investors of Figure include Parkway VC, Intel Capital, Align Ventures, Macquarie Capital, Tamarack Global and 26 more.

  • Who are Figure's competitors?

    Competitors of Figure include Apptronik, 1X, Agility Robotics, Beyond Imagination, Kind Humanoid and 7 more.

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Compare Figure to Competitors

Agility Robotics Logo
Agility Robotics

Agility Robotics develops humanoid robotics and automation solutions for various industries. The company provides robots designed to automate tasks in manufacturing, distribution, and retail, utilizing AI for control and operation. Agility Robotics serves sectors that require material handling and automation, including warehousing and logistics. It was founded in 2015 and is based in Pittsburgh, Pennsylvania.

Sanctuary AI Logo
Sanctuary AI

Sanctuary AI focuses on the development of humanoid robots equipped with artificial intelligence to address labor challenges across various industries. The company specializes in creating robots that can perform tasks requiring dexterity, tactile feedback, and fine manipulation, mimicking human cognitive processes and movements. Sanctuary AI primarily serves sectors that require automation for dull, dirty, or dangerous jobs, such as automotive, manufacturing, and logistics. It was founded in 2018 and is based in Vancouver, British Columbia.

1X Logo
1X

1X is a company that develops humanoid robotics within the technology sector. The company creates general-purpose humanoid robots designed for home use, focusing on safety and intelligent behavior. The company makes that robots are intended to assist humans in domestic environments. It was founded in 2014 and is based in Moss, Norway.

Mentee Robotics Logo
Mentee Robotics

Mentee Robotics specializes in the development of humanoid robots with advanced artificial intelligence capabilities within the robotics and AI technology sectors. Their robots are equipped with full-body motion planning and control, capable of performing complex tasks through dynamic interaction with their environment. The company's products are designed to serve sectors that require automation through sophisticated robotics, such as manufacturing, logistics, and healthcare. It was founded in 2022 and is based in Herzliya, Israel.

Boston Dynamics Logo
Boston Dynamics

Boston Dynamics focuses on developing mobile robots in the robotics industry. Their offerings include robots for industrial inspection, safety and response operations, and warehouse automation. These robots are equipped with sensors and controls to perform tasks such as data gathering, hazard detection, and cargo handling. It was founded in 1992 and is based in Waltham, Massachusetts. Boston Dynamics operates as a subsidiary of Hyundai Motor Company.

Apptronik Logo
Apptronik

Apptronik specializes in the development of humanoid robots intended for use in human environments, with applications in logistics and manufacturing. Its primary product is the Apollo robot, which is designed to perform tasks including case picking, palletization, and machine tending. The company serves the third-party logistics (3PL), retail, and manufacturing sectors with its robotic solutions. It was founded in 2016 and is based in Austin, Texas.

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