Figure AI plans to raise $1.5 bn at $39.5 bn valuation: Reports

Robotics startup Figure AI is in talks to raise $1.5 billion in a funding round led by Align Ventures and Parkway Venture Capital, reports said. The potential round would value the startup at $39.5 billion, 15 times higher than the $2.6 billion valuation it secured last year. Figure AI raised $675 million from OpenAI, NVIDIA and other investors last year.