Venture Investing
Investing in Figure AI | How to Buy Pre-IPO Shares
Learn how to buy Figure AI pre-IPO shares and review its humanoid robots, BMW deployment, funding, valuation, and risks.
Add Securities.io to your preferred sources on Google
Securities.io may receive compensation when you use links to products we review. This does not influence our editorial evaluations. We are not a registered investment adviser; this is not investment advice. Read our affiliate disclosure.
Figure AI — Figure AI is a private humanoid-robotics company developing general-purpose robots, embodied AI models, and high-volume manufacturing. This article covers Figure AI, not the separately listed fintech company Figure Technology Solutions (FIGR ) (Nasdaq: FIGR).
Private-market status: The company remained private as of September 1, 2026. This article uses primary company materials and independently checked reporting; marketplace indications are not treated as company valuations.
What Is Figure AI?
Figure AI is building autonomous humanoid robots intended to perform useful work in factories, logistics facilities, commercial environments, and eventually homes. The company combines electromechanical design, actuators, batteries, perception, manipulation, safety systems, and its Helix vision-language-action models into one vertically integrated platform.
The investment case depends on repeatable deployment, not polished demonstrations. A successful humanoid must work for long shifts, handle changing objects and layouts, recover from errors, operate safely near people, and cost less over its useful life than the work it replaces or enables.
Figure AI Products, Projects, and Operating Milestones
BMW production deployment
Figure says its Figure 02 robots contributed to production of more than 30,000 BMW X3 vehicles, moved more than 90,000 parts, and accumulated over 1,250 runtime hours before the next-generation Figure 03 deployment.
Figure 03
The third-generation robot is designed for higher-volume manufacturing, improved dexterity, safer human interaction, and use across factories, logistics, and the home.
Helix embodied intelligence
Helix connects visual perception, language instructions, whole-body control, and manipulation. Helix 02 extends the stack toward longer-horizon autonomous tasks.
BotQ manufacturing
Figure reported producing more than 350 Figure 03 units while improving the line to roughly one robot per hour. Manufacturing yield, reliability, and service cost remain the decisive metrics.
Notable Deployments and Recent Execution
BMW provides Figure’s strongest disclosed production proof point. Figure says Figure 02 robots handled sheet-metal parts during ten-hour shifts, contributing to more than 30,000 BMW X3 vehicles and moving over 90,000 parts. In June 2026, the companies shifted attention to Figure 03 logistics sequencing, a broader task that requires perception, navigation, and coordination rather than one fixed movement.
Figure’s BotQ update said more than 350 Figure 03 robots had been produced and that output improved to approximately one robot per hour within 120 days. The company also reported more than 9,000 actuators and 500 battery packs produced. These are meaningful manufacturing milestones, but investors still need fleet uptime, customer economics, service burden, and safety data.
Figure AI Funding and Valuation
The latest independently supportable financing is >$1B Series C commitments (2025). The latest disclosed valuation context is $39B post-money (2025). Funding is capital raised or committed; valuation is a negotiated price for a specific security at a specific date. Neither establishes the current value of common shares.
Figure AI Selected Funding Events
Verified Sep. 1, 2026
Selected disclosed financing, USD; grants, commercial contracts, and marketplace indications excluded.
Funding events 1–3
| Date | Round / Type | Funding Raised | Reported Valuation | Selected Investors | Source |
|---|---|---|---|---|---|
| Sep. 2025 | Series C | >$1B | $39B post-money | Parkway; Brookfield; Nvidia (NVDA ); Macquarie; Intel (INTC ); others | Figure AI |
| Feb. 2024 | Series B | $675M | $2.6B | Microsoft; OpenAI Startup Fund; Nvidia; Bezos; others | AP |
| May 2023 | Series A | $70M | Not disclosed | Parkway; Aliya; Bold; Tamarack; others | Figure AI |
Preferred shares, common shares, tender offers, debt facilities, and SPV interests can carry different economics. A secondary transaction can provide liquidity to an existing holder without adding operating cash to the company.
Investment Case for Figure AI
Production learning at BMW
Paid factory work can expose reliability and integration problems that demonstrations do not reveal, improving the product if Figure closes the loop quickly.
BotQ manufacturing scale
A repeatable robot production line can lower unit cost and support larger commercial fleets if component quality and serviceability hold.
Helix autonomy
More general perception and manipulation could expand the number of tasks each robot can perform and reduce teleoperation requirements.
Commercial partnerships
Agreements with BMW, Brookfield, and Catalyst Brands can diversify tasks and environments beyond a single factory workflow.
Key Risks
Safety and reliability
A humanoid operating near people must handle edge cases, hardware wear, falls, unexpected objects, and control failures without causing injury or downtime.
Manufacturing economics
High output does not ensure attractive gross margin. Actuators, batteries, sensors, service, replacements, and field support can keep lifetime cost high.
Autonomy gap
Impressive demonstrations may depend on constrained environments or supervision. General-purpose autonomy remains an unsolved technical problem.
Competition for talent and capital
Tesla, Apptronik, Agility, 1X, robotics incumbents, and Chinese manufacturers are pursuing overlapping markets and supply chains.
Valuation compression
The $39 billion Series C valuation embeds high expectations for deployments, margins, and market size; delays could produce severe repricing and dilution.
Unauthorized secondary sales
Figure warns that direct and indirect transfers require board approval and that online platforms may advertise unauthorized interests. Treat any offer as unauthorized until written company approval is verified.
How to Buy Figure AI Pre-IPO Shares
- Confirm the company is still private. Check official announcements, SEC records, and exchange listings before treating an opportunity as pre-IPO.
- Confirm investor eligibility. Many U.S. private offerings are limited to accredited investors; access varies by jurisdiction.
- Verify the issuer and seller. Confirm the legal entity, capitalization, seller ownership, and whether the company permits the transfer.
- Understand the security. Determine whether the offer is direct stock, a secondary sale, a fund interest, a forward contract, or an SPV.
- Compare rights and full cost. Review share class, preferences, voting, conversion, information rights, fees, carried interest, and settlement costs.
- Plan for illiquidity. Private securities can remain non-transferable for years, and an IPO is never guaranteed.
Figure-specific transfer warning: Figure states that direct and indirect transfers require board approval and has warned that online secondary listings may be unauthorized. Do not fund any transaction until the issuer and written transfer approval are independently verified.
U.S. investors can review the SEC’s accredited-investor criteria.
Where to Buy Figure AI Pre-IPO Shares
Availability changes with seller supply, company transfer restrictions, jurisdiction, and investor eligibility. Always verify a live offering rather than assuming shares are available.
MicroVentures
MicroVentures facilitates primary and secondary private-company offerings. Eligibility, minimums, fees, structure, and availability vary by offering; Regulation D opportunities are limited to accredited investors.
View Available Private-Market Opportunities
Figure AI availability is not guaranteed. Review the specific offering documents before investing.
| Platform | Typical Access Model | What to Verify |
|---|---|---|
| StartEngine Private | Late-stage private-company offerings | Current issuer availability, eligibility, minimum, fees, and vehicle structure |
| Forge Global | Private-company secondary marketplace and brokerage | Seller availability, accreditation, price, share class, and transaction costs |
| EquityZen | Private-company offerings that may use pooled vehicles | SPV terms, fees, minimum, economic rights, and transfer conditions |
| Rainmaker Securities | Broker-assisted private-company transactions | Security source, broker fees, settlement, and company approval |
| EquityBee | Employee option financing and related exposure | Direct ownership versus contractual exposure, fees, and distribution rules |
Figure AI IPO Outlook
No completed public listing was identified as of September 1, 2026. A late-stage round, executive hiring, audited reporting, or secondary liquidity can support an eventual-IPO thesis, but none substitutes for a filed registration statement and effective listing.
An IPO can be delayed, repriced, replaced by an acquisition, or never occur. Treat it as one possible exit rather than the base case.
Frequently Asked Questions
Is Figure AI publicly traded?
No. It remains a private company and does not have a public-market ticker.
What is Figure AI worth?
The latest disclosed valuation context in this research is $39B post-money (2025). It applies to a particular date and security and is not a guaranteed current common-share value.
Can retail investors buy Figure AI stock?
Not on a public exchange. Some eligible investors may find a private offering, but availability, fees, rights, and transfer approval vary.
Will Figure AI go public?
Possibly, but no guaranteed timetable was identified. Investors should be prepared for a long holding period or no IPO.
Primary and Supporting Sources
- Figure AI: Series C and $39 billion valuation
- Figure AI: Figure 03 at BMW
- Figure AI: production results at BMW
- Figure AI: BotQ production ramp
- Figure AI: Helix 02
- Figure AI: notice regarding unauthorized stock sales
Verified September 1, 2026. This article is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Private securities are speculative, may be unavailable in your jurisdiction, and can result in the loss of the entire investment.
