Robotics startup Figure AI in talks for new funding at $39.5 billion valuation

Robotics startup Figure AI is in talks with investors to raise $1.5 billion in funding that would value the company at $39.5 billion, Bloomberg News reported on Friday, citing people familiar with the matter.

Align Ventures and Parkway Venture Capital are expected to lead the deal, the report said, adding that the terms of the transaction are not yet finalized and could change.

Align Ventures and Figure AI did not immediately respond to requests for comment on the report.

Last year, Figure AI said it raised $675 million in a funding round, with…