DLA Piper advises Parkway Venture Capital in US$1 billion investment in Figure AI

DLA Piper guided Parkway Venture Capital, a New York-based venture capital firm, as the lead investor in a US$1 billion Series C fundraising round at a US$39 billion post-money valuation for Figure AI, an AI robotics company developing general-purpose humanoid robots.

Figure AI develops autonomous general purpose humanoid robots designed for initial deployment into the workforce to address labor shortages, job safety, and support of global scale supply chains.

“We have been lucky to advise Parkway and their amazing team on their series of investments in Figure AI and are honored to continue working with Parkway in their dynamic investments,” said Adam Brenner, the DLA Piper Partner who led the deal team.

In addition to Brenner (New York), the DLA Piper team included Partners Bradley Phipps (Philadelphia), Larissa Bifano (Boston), and Paolo Morante (New York), and Associate Sami Jameel (New York).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers who provide strategic counsel to emerging companies in high-growth industries, including technology, healthcare, pharma & biotech, financial services, manufacturing, and communications. Over the last three years, DLA Piper has completed more than 1,800 financings globally totaling over US$50 billion.