Nvidia has discussed another $1bn for Figure, The Information reports

Nvidia has discussed investing another $1 billion in Figure AI, The Information reported on October 7, 2026, citing a person familiar with the matter. Figure is seeking new financing at roughly a $38 billion pre-money valuation, according to the report as summarised by Humanoids Daily. No deal has been announced, no terms are final, and neither company has commented publicly.

If it happens, Nvidia would be adding to a position it already holds. It was among the backers of Figure’s Series C in September 2025, when the company announced more than $1 billion of committed capital at a $39 billion post-money valuation.

Why would Nvidia put more money in?

Figure is one of Nvidia’s larger robotics customers at one remove. In September, Figure and the cloud provider Nscale agreed to deploy up to 100,000 GPUs on Nvidia’s Vera Rubin platform, with Figure committing $3.5 billion initially and saying it planned to scale beyond $6 billion, as we reported at the time. New Nvidia equity would sit next to a contract that pays for Nvidia hardware through a third party. The structure is familiar from Nvidia’s stakes in AI model developers that are also heavy buyers of its chips.

The report does not say how new Nvidia money would be used. Figure’s stated spending priorities are compute and data: alongside the Nscale deal it runs Index, a platform that pays people to submit video of themselves doing tasks for robot training.

What would a $38 billion pre-money price say?

Roughly flat. A round at about $38 billion before new money would put Figure close to where it was valued a year ago, after a year in which it published zero-shot results from Helix 2.5 in 30 unseen homes and retired its F.02 fleet. Several robot-AI companies have repriced sharply upward over the same period; FieldAI’s reported term sheet would put it at $10 billion. A flat price for the best-funded US humanoid maker would be a sign that investors want delivery numbers before paying more.

That reading depends on terms the report does not give: how much Figure is raising in total, who else is in the round, and whether the $38 billion figure holds. The next thing to watch is a signed term sheet or a company announcement.