Figure AI x BMW Group Spartanburg Figure 03

Sunnyvale-based humanoid-robotics company founded in 2022, among the fastest-moving US humanoid developers from prototype to production partnership. Its industrial humanoid [Figure 02](/models/figure-02) ran a flagship production deployment at [BMW](/companies/bmw)'s Spartanburg plant (since ended); the next-generation [Figure 03](/models/figure-03) (with notably dexterous hands, 16 DoF per hand) is its current platform, increasingly oriented toward both industrial RaaS and eventual home use. Figure develops its own [Helix](/brains/helix) vision-language-action AI and operates BotQ, a manufacturing facility tooled to produce up to ~12,000 Figure robots per year. Financials: Figure raised over $1 billion in a Series C (September 2025) at a $39 billion valuation, a roughly 15x jump from its $2.6 billion valuation in February 2024, bringing total funding raised to roughly $1.7 billion. Investors include NVIDIA and Qualcomm Ventures. Reality check: Figure's elevated valuation is partly home-market optionality; CEO [Brett Adcock](/people/brett-adcock) has acknowledged home autonomy is not yet ready for unsupervised operation, so near-term revenue is industrial robots-as-a-service. The BMW deployment, though small in unit count, represents genuine factory integration rather than lab demos. BotQ's 12,000/yr is production capacity, not current output.