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Figure AI vs GreyOrange

Side-by-side on valuation, funding, investors, founders & more

Comparison updated: April 2026

Figure AI is valued at $39B — more than 3x GreyOrange's $700M.

Head-to-Head Verdict

Figure AI leads on 3 of 5 metrics

Figure AI

3 wins

+Valuation
+Funding
+Awaira Score
-Team Size
-Experience

GreyOrange

2 wins

-Valuation
-Funding
-Awaira Score
+Team Size
+Experience

Key Numbers

Valuation
$39B
$700M
Total Funding
$1.9B
$470M
Awaira Score
95/100
90/100
Employees
450
500+
Founded
2022
2012
Stage
Series C
Series D
Figure AIGreyOrange
Winner
Figure AI logo
Figure AI

🇺🇸 United States · Brett Adcock

Series CAI RoboticsEst. 2022

Valuation

$39B

Total Funding

$1.9B

Awaira Score95/100

450 employees

Full Figure AI Profile →
GreyOrange logo
GreyOrange

🇮🇳 India · Akash Gupta

Series DAI RoboticsEst. 2012

Valuation

$700M

Total Funding

$470M

Awaira Score90/100

500+ employees

Full GreyOrange Profile →
Market Context

Both companies compete in the AI Robotics space, though from different geographies — Figure AI in United States and GreyOrange in India. Different stages (Series C vs Series D) mean these companies face fundamentally different operational priorities.

🔬

Analyst Summary

Built from real data · Updated April 2026

Companies

Figure AI and GreyOrange are direct competitors in AI Robotics. Figure AI is a robotics company founded in 2022 that develops humanoid robots designed for industrial and commercial applications. GreyOrange is an AI-powered warehouse robotics and fulfillment orchestration company that deploys mobile robots, AI software, and integration services to automate order fulfillment in e-commerce, retail, and third-party logistics warehouses globally.

Funding & Valuation

The valuation disparity is stark: Figure AI at $39B versus GreyOrange at $700M, a 55.7x difference. On the funding front, Figure AI has secured $1.9B, outpacing GreyOrange's $470M by $1.4B.

Growth Stage

With a 10-year head start, GreyOrange (founded 2012) has had considerably more time to mature than Figure AI (2022). Stage-wise, Figure AI is classified as Series C and GreyOrange as Series D, reflecting divergent fundraising histories. On headcount, Figure AI reports 450 employees and GreyOrange reports 500+.

Geography & Outlook

Based in 🇺🇸 United States and 🇮🇳 India respectively, Figure AI and GreyOrange tap into different talent markets and regulatory environments. Awaira's composite score rates them neck-and-neck: Figure AI at 95 and GreyOrange at 90 out of 100. Under Brett Adcock and Akash Gupta respectively, both companies continue to chart aggressive growth paths.

Funding Velocity

Figure AI

Total Rounds4
Avg. Round Size$461.3M
Funding Span3 yrs

GreyOrange

Total Rounds1
Avg. Round Size$140M

Funding History

Figure AI has completed 4 funding rounds, while GreyOrange has gone through 1. Figure AI's most recent round was a Series C of $1B, compared to GreyOrange's Series C ($140M). Figure AI is at Series C while GreyOrange is at Series D — different points in their growth trajectory.

Team & Scale

Team sizes are in the same ballpark: Figure AI has about 450 people and GreyOrange has around 500+. GreyOrange has a 10-year head start, founded in 2012 vs Figure AI's 2022. Geographically, they're in different markets — Figure AI operates out of United States and GreyOrange from India.

Metrics Comparison

MetricFigure AIGreyOrange
💰Valuation
$39BWINS
$700M
📈Total Funding
$1.9BWINS
$470M
📅Founded
2022WINS
2012
🚀Stage
Series C
Series D
👥Employees
450
500+
🌍Country
United States
India
🏷️Category
AI Robotics
AI Robotics
Awaira Score
95WINS
90

Key Differences

💰

Valuation gap: Figure AI is valued 55.7x higher ($39B vs $700M)

📈

Funding gap: Figure AI has raised $1.4B more ($1.9B vs $470M)

📅

Market experience: GreyOrange has 10 years more (founded 2012 vs 2022)

🚀

Growth stage: Figure AI is at Series C vs GreyOrange at Series D

👥

Team size: Figure AI has 450 employees vs GreyOrange's 500+

🌍

Market base: 🇺🇸 Figure AI (United States) vs 🇮🇳 GreyOrange (India)

⚔️

Direct competitors: Both operate in the AI Robotics market segment

Awaira Score: Figure AI scores 95/100 vs GreyOrange's 90/100

Which Should You Choose?

Use these signals to make the right call

Figure AI logo

Choose Figure AI if…

Top Pick
  • Higher Awaira Score — 95/100 vs 90/100
  • More established by valuation ($39B)
  • Stronger investor backing — raised $1.9B
  • United States-based for regional compliance or proximity
  • Figure AI is a robotics company founded in 2022 that develops humanoid robots designed for industrial and commercial applications
GreyOrange logo

Choose GreyOrange if…

  • More market experience — founded in 2012
  • India-based for regional compliance or proximity
  • GreyOrange is an AI-powered warehouse robotics and fulfillment orchestration company that deploys mobile robots, AI software, and integration services to automate order fulfillment in e-commerce, retail, and third-party logistics warehouses globally

Funding History

Figure AI raised $1.9B across 4 rounds. GreyOrange raised $470M across 1 round.

Figure AI

Series C

Sep 2025

Lead: Parkway Venture Capital

$1B

Series B

Feb 2024

Lead: Microsoft

$675M

Series A

May 2023

Lead: Parkway Venture Capital

$70M

Seed

Sep 2022

Lead: Brett Adcock

$100M

GreyOrange

Series C

Sep 2018

Lead: Mithril Capital

$140M

Investor Comparison

No shared investors detected between these two companies.

Unique to Figure AI

Parkway Venture CapitalMicrosoftBrett Adcock

Unique to GreyOrange

Mithril CapitalTiger GlobalBlume Ventures

Users Also Compare

FAQ — Figure AI vs GreyOrange

Is Figure AI bigger than GreyOrange?
By valuation, Figure AI is the larger company at $39B versus $700M — a 55.7x difference. Size can also be measured by team: Figure AI employs 450 people while GreyOrange has 500+ employees.
Which company raised more funding — Figure AI or GreyOrange?
Figure AI has raised more in total funding at $1.9B, compared to GreyOrange's $470M — a gap of $1.4B. Combined, the two companies have completed 5 known funding rounds.
Which company has a higher Awaira Score?
Figure AI leads with an Awaira Score of 95/100, while GreyOrange sits at 90/100. That 5-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.
Who founded Figure AI vs GreyOrange?
Figure AI was founded by Brett Adcock in 2022. GreyOrange was founded by Akash Gupta in 2012. Visit each company's profile on Awaira for a full founder biography.
What does Figure AI do vs GreyOrange?
Figure AI: Figure AI is a robotics company founded in 2022 that develops humanoid robots designed for industrial and commercial applications. The company focuses on creating general-purpose robots capable of performing complex physical tasks in real-world environments. Figure AI's primary technology centers on advanced robotics, artificial intelligence, and machine learning systems that enable autonomous operation and human-robot collaboration. The company has raised $1.9 billion in funding across multiple rounds, achieving a valuation of $39 billion as of its Series C stage, reflecting significant investor confidence in the humanoid robotics sector. This valuation places Figure AI among the most valuable robotics startups globally. The company's approach emphasizes practical deployment in industries facing labor shortages and operational challenges. Figure AI competes in the growing humanoid robotics market alongside companies developing similar technologies. The company's competitive positioning is strengthened by substantial capital resources enabling rapid research and development. Figure AI has demonstrated prototypes and engaged with potential enterprise customers across manufacturing, logistics, and service sectors, though specific customer details remain largely confidential. The company's growth trajectory reflects the broader acceleration in AI-enabled robotics investment. Figure AI's development timeline suggests advancement toward commercial deployment, with the robotics industry expecting increased real-world implementations in the coming years. Figure AI has achieved unicorn status within two years of founding, indicating rapid progress in humanoid robotics commercialization despite the sector's technical complexity. GreyOrange: GreyOrange is an AI-powered warehouse robotics and fulfillment orchestration company that deploys mobile robots, AI software, and integration services to automate order fulfillment in e-commerce, retail, and third-party logistics warehouses globally. The company's Ranger robot series and GreyMatter AI platform work together to optimize task allocation, traffic management, and inventory placement across automated fulfillment centers.\n\nThe company raised approximately $300M and achieved a unicorn-level valuation, with deployments at major global retailers and logistics companies in the United States, Europe, and Asia. GreyOrange has established a strong position in the US warehouse robotics market, competing with Symbotic, Locus Robotics, and 6 River Systems for large enterprise fulfillment automation contracts.\n\nFulfillment automation has become a strategic imperative for retailers and logistics companies managing the scale and speed requirements of modern e-commerce. GreyOrange's dual strength in both hardware robotics and AI orchestration software gives it an integrated offering that is difficult for pure hardware or pure software competitors to replicate without substantial investment in the adjacent capability. GreyOrange operates in the AI Robotics sector and is headquartered in India. Founded in 2012 by Akash Gupta, GreyOrange has raised $470M in total funding, achieving a valuation of $700M as of its latest round. The company's funding journey includes a Series C of $140M in 2018. The most recent round was led by Mithril Capital. With approximately 500+ employees, GreyOrange has established itself as a Series D-stage player in the AI Robotics market. The company holds an Awaira Score of 90/100, reflecting its strong position across valuation, funding trajectory, team scale, and market influence. GreyOrange competes in a rapidly evolving segment alongside other AI Robotics companies. As part of India's growing AI ecosystem, GreyOrange is positioned to capitalize on the region's expanding tech talent pool and enterprise demand. The AI Robotics space has attracted significant investment in recent years, with companies racing to capture enterprise and consumer demand for AI-powered solutions.
Which company was founded first?
GreyOrange got there first, launching in 2012 — that's 10 years of extra runway. Figure AI didn't arrive until 2022. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.
Which company has more employees?
Figure AI has about 450 employees; GreyOrange has about 500+. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.
Are Figure AI and GreyOrange competitors?
Yes — they're direct rivals. Both Figure AI and GreyOrange compete in AI Robotics, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.

Bottom Line

It's close. Both Figure AI and GreyOrange are strong players, and picking a winner depends on what you're looking for. Check each profile for the full picture.

Who Should You Watch?

This one's genuinely too close to call. Both companies are competitive, and the winner will likely come down to execution over the next 12-18 months. Follow both profiles on Awaira to track funding rounds, team changes, and score updates.

Deep Dive