01What happened
The two already had an investment relationship. In February 2024 Figure closed a B round of about $675M, with Nvidia contributing roughly $50M at a $2.6B post-money valuation; in September 2025 Nvidia joined a C round of more than $1B that valued Figure at $39B.
The same account says Figure is seeking more funding at a pre-money valuation of about $38B.
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