The Information: Nvidia discussed investing another $1B in Figure at about $38B pre-money
- Raised
- $1.0B
- Valuation
- $38B
- Place in VP50
- #21
- Sources
- 3
What happened
The Information reported on 7 October 2026 that Nvidia had discussed investing another $1 billion in Figure AI, according to Humanoids Daily and eWeek, which both relayed the report. Figure was reportedly seeking financing at a pre-money valuation of roughly $38 billion. The report cited a person familiar with the matter. eWeek said neither Figure nor Nvidia had publicly confirmed the proposed investment, and Humanoids Daily said the report did not establish that a deal had been agreed. No closing date or final terms were reported.
Nvidia was already an investor in Figure. In September 2025 Figure announced more than $1 billion in committed Series C capital at a $39 billion post-money valuation, with Nvidia among the backers. Humanoids Daily noted that the $39 billion post-money figure includes the new capital, so it is not directly comparable with the reported pre-money valuation, and eWeek said the different measures made a direct comparison difficult. Humanoids Daily did not give the amount of Nvidia's Series C investment. eWeek said the discussions had not resulted in an announced agreement.
Key points
- The Information reported on 7 October 2026 that Nvidia had discussed investing another $1 billion in Figure AI.123
- Figure was reportedly seeking financing at a pre-money valuation of roughly $38 billion.23
- Neither Figure nor Nvidia had publicly confirmed; no agreement, closing date or final terms were reported.23
- The September 2025 Series C drew more than $1 billion in committed capital at a $39 billion post-money valuation, with Nvidia among the investors.23
- The outlets said the pre-money and post-money figures are different measures and not directly comparable.23
Why it matters
The roughly $38 billion pre-money figure is the first reported valuation for a new Figure round since the Series C. It is unconfirmed and rests on one person familiar with the matter.
Nvidia took part in the Series C and was reported to be discussing a further $1 billion, which points to continuity among the backers. Its earlier amount was not disclosed.
Pre-money and post-money valuations measure different things, so the sources said $38 billion could not be directly compared with the $39 billion Series C figure.
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
- The Information reported on 7 October 2026 that Nvidia discussed investing another $1 billion in Figure.Confirmed by [2] Humanoids Daily (dated 7 October 2026) and [3] eWeek, which both relay the report. [1] The Information is paywalled and was not read directly.Verified
- Figure was reportedly seeking financing at about a $38 billion pre-money valuation.Confirmed by [2] Humanoids Daily and [3] eWeek, both citing The Information.Verified
- The report cited a person familiar with the matter.Confirmed by [2] Humanoids Daily.Verified
- Neither company has publicly confirmed the proposed investment.Confirmed by [3] eWeek: says neither company has publicly confirmed it. [2] Humanoids Daily says the report does not establish that a deal has been agreed.Verified
- The September 2025 Series C drew more than $1 billion in committed capital at a $39 billion post-money valuation, with Nvidia among the investors.Confirmed by [2] Humanoids Daily and [3] eWeek: both state the Series C amount, valuation and Nvidia's participation.Verified
- The $38 billion pre-money and $39 billion post-money figures are not directly comparable.Confirmed by [2] Humanoids Daily (post-money includes the new capital) and [3] eWeek (different measure makes a direct comparison difficult).Verified
Sources
- [1]The Information (opens in a new tab)Where Nvidia's $100 Billion Dealmaking Juggernaut Will Go Next
- [2]Humanoids Daily (opens in a new tab)Nvidia Has Discussed Another $1 Billion Investment in Figure, The Information ReportsThe report does not establish that a deal has been agreed.
- [3]eWeek (opens in a new tab)Nvidia Reportedly Eyes Another $1B Investment in Figure AI's Humanoid Robotsneither company has publicly confirmed the proposed investment
