Figure.ai ($1.5B Series c)

FutureNOW Ventures is pleased to offer this co-investment opportunity in Figure AI's Series C fundraising round. Figure is the world's leading humanoid robotics company and the first to commercialize a multi-purpose humanoid robot. The company is revolutionizing the labor market with its advanced AI-powered robots designed to integrate seamlessly into human work environments.

 Investment Highlights

• Co-Investment Opportunity: Invest alongside FutureNOW Ventures in Figure AI's Series C round.
• Attractive Valuation: Series C pre-money valuation is $38 billion, 3.8x Figure's      projected annual recurring revenue (ARR) of $10 billion, comparing favorably to market benchmarks.
• Significant Revenue Upside: Figure has secured agreements with major corporations, including BMW, projected to generate $10 billion in ARR within the next four years.
• Strong Exit Potential: Figure's management team has a history of successful      exits, and the company is well-positioned for a future IPO or strategic      acquisition.
• Existing Investors: Microsoft, Nvidia, Open AI, Jeff Bezos, Intel Capital, LG      Technology Ventures, FutureNOW Ventures, etc.
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 Series C Round Terms

• Series C Financing Amount: $1.5 billion
• Pre-Money Valuation: $38 billion
• Allocation: $700 million
• Available for Co-Investment: $650 million
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 Figure AI: The Global Leader in Humanoid Robotics
Figure AI is addressing the growing global labor shortage with its advanced, AI-powered humanoid robots. The company's Figure 02 robot is fully equipped to mimic nearly all human capabilities. Figure is receiving strong interest from Fortune 500 companies seeking to solve labor shortages, enhance automation, and reduce costs.

 Why FutureNOW is Reinvesting in Figure AI

• Unprecedented Commercialization: Figure achieved commercialization in under three years, shipping its first humanoids to BMW in the first half of 2024.
• Advanced Technology: Figure's humanoids are designed to mirror human anatomy, enabling them to perform a wide range of tasks in environments built for humans.
• Strong Partnerships: Figure has secured agreements with multinational      corporations, demonstrating strong demand for its humanoid robots.
• Experienced Team: The company is led by a team of seasoned entrepreneurs and engineers with a proven track record in robotics and AI.

Market Opportunity
The market for humanoid robots is vast and expanding rapidly. With global labor shortages projected to worsen, the demand for Figure's humanoids is expected to grow exponentially. The total addressable market (TAM) globally is between thirty-two trillion dollars ($32T) and forty trillion dollars ($40T). The company is strategically focusing on key industries with significant labor shortages, such as manufacturing, logistics, and retail.

Conclusion
Figure AI represents a compelling investment opportunity at the forefront of transformative technology. With a world-leading team, advanced technology, and a massive market opportunity, Figure has a first-mover advantage and is poised for continued growth and success. This co-investment offering provides a unique chance to partner with FutureNOW Ventures, who made a meaningful investment in Figure's Series B round (March 2024) and is reinvesting in Figure.ai - the company shaping the future of work.
 

Disclaimer
This investment overview is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security.1Any such offer or solicitation will be made only by means of a confidential private placement memorandum and only to accredited investors and qualified purchasers. This overview contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected in the forward-looking statements.