Figure Assembles New 'Capital Formation' Team to Raise 'Tens of Billions'

SUNNYVALE, CA – Figure AI CEO Brett Adcock has announced the formation of a new internal "Capital Formation" team, tasked with raising "tens of billions" of dollars to accelerate the company's ambitious humanoid robotics roadmap. The move signals a strategic shift from periodic venture rounds to a continuous, large-scale fundraising operation designed to fuel mass manufacturing and global deployment.

The announcement came via a post from Adcock on the social media platform X. "My companies have raised $4B the last 5 yrs. It’s now time to re-accelerate," he wrote. "Today, I am assembling a Capital Formation team. This team will raise tens of billions to bring sci-fi into the present, reporting directly to me."

Following the post, the company published a job listing for a "Head of Capital Formation," a role described as "solely focused on raising capital from start to finish." The position calls for a "hands-on operator who can independently source, structure, and close investments," working directly with Adcock to build out the company’s financial war chest.

This new fundraising initiative comes on the heels of several major funding rounds for Figure. The company has demonstrated a remarkable ability to attract capital, securing a $675 million Series B round in early 2024 and, more recently, a $1 billion Series C that valued the company at a reported $39 billion. Adcock's plan to "re-accelerate" suggests an even more aggressive financial strategy is on the horizon.

The need for such vast sums of capital is directly tied to Figure's stated goals. The company is not just developing a robot; it is attempting to build an entire ecosystem for manufacturing, training, and deploying a global fleet of humanoids. This includes scaling up its "BotQ" manufacturing facility, expanding the GPU infrastructure required to train its Helix AI models, and funding large-scale commercial deployments, such as its ongoing partnership with BMW.

Adcock has previously stated that speed and scale are paramount in the humanoid race, framing the competition as a sprint to be the first to deploy a massive fleet. "The winner is... who can hit 100,000, who can hit a million units in the market as fast as possible," he remarked during a recent roundtable. "That's a first-mover advantage, and speed means everything here."

The formation of a dedicated capital team is a clear move to fund that vision. By bringing this function in-house and having it report directly to the CEO, Figure is positioning itself to court a wider range of investors, from sovereign wealth funds to major institutional and strategic partners, on an ongoing basis. The job listing emphasizes the need for a professional with a "strong investor network" and a "proven track record of independently raising significant capital across multiple rounds."

While Figure has made rapid progress on both the hardware and AI fronts, this latest move underscores a critical reality of the emerging humanoid industry: the race to build the future of robotics is as much a capital competition as it is a technical one.