Nscale makes undisclosed strategic investment in Figure, tied to a compute partnership
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What happened
Nscale, a full-stack AI cloud platform, announced on September 3, 2026 that it signed a multi-year strategic partnership with the humanoid robotics company Figure. According to Nscale's release, Nscale is making a strategic investment in Figure and will become a Figure shareholder and Figure's preferred compute provider. Neither Nscale's release nor Figure's announcement stated the size of the investment, the price or Figure's valuation.
The compute side was stated in more detail. The deal covers up to 100,000 NVIDIA GPUs on the NVIDIA Vera Rubin platform, to support the next generation of Figure's Helix models and its humanoid robots. Initial deployment is targeted to start in the second half of 2027 in Barstow, Texas. The initial compute commitment is $3.5 billion, with a stated intent to scale it to over $6 billion; the sources gave no timing or conditions for that increase. The two companies also said they would explore the potential to scale Nscale's supply chain with humanoid robots.
Key points
- Nscale is making a strategic investment in Figure and will become a shareholder; the amount is not disclosed.12
- Nscale will be Figure's preferred compute provider under a multi-year partnership.1
- Compute plan covers up to 100,000 NVIDIA GPUs on the Vera Rubin platform.12
- Initial compute commitment is $3.5 billion, with stated intent to scale to over $6 billion.12
- Initial deployment is targeted for the second half of 2027 in Barstow, Texas.12
Why it matters
The investment amount and price are not disclosed, so the deal gives no new price per share or valuation to compare with Figure's earlier rounds.
Figure's preferred compute provider, behind a $3.5 billion initial compute commitment, also takes equity in Figure; the sources do not set out how the investment and the compute terms relate.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series B | Feb 29, 2024 | $2.6B | $675M | Unknown |
| Series C | Sep 16, 2025 | $39B | $1.0B | Parkway Venture Capital |
Updated
Fact-check
- Nscale is making a strategic investment in Figure and will become a shareholder; the amount is not disclosed.Confirmed by [1] Nscale and [2] Figure AI: both announcements state the strategic investment and neither gives its size or price. Shareholder status is stated in Nscale's release only.Verified
- Nscale will be Figure's preferred compute provider under a multi-year partnership.Confirmed by [1] Nscale: 'Nscale will become a Figure shareholder and Figure's preferred compute provider' under a 'multi-year strategic partnership'. [2] Figure AI's page does not restate this.Verified
- The deal covers up to 100,000 NVIDIA GPUs on the Vera Rubin platform, with initial deployment targeted for the second half of 2027 in Barstow, Texas.Confirmed by [1] Nscale and [2] Figure AI: up to 100,000 GPUs on NVIDIA Vera Rubin, deployment targeted to start in the second half of 2027 in Barstow, Texas.Verified
- The initial compute commitment is $3.5 billion, with intent to scale to over $6 billion.Confirmed by [1] Nscale and [2] Figure AI: initial commitment of $3.5 billion and a stated intent to scale to over $6 billion. No timing or conditions are given.Verified
Sources
- [1]Nscale (opens in a new tab)Nscale and Figure Sign Strategic Partnership to Power the Next Generation of Physical AINscale will become a Figure shareholder and Figure's preferred compute provider
- [2]Figure AI (opens in a new tab)Figure and Nscale Sign Strategic Partnership For Up to 100,000 GPUs on the NVIDIA Vera Rubin PlatformNscale is also making a strategic investment in Figure.
