What is the valuation of Apptronik after its latest funding round?

Apptronik's latest funding round values the company at over $5.5 billion.

Which key investors participated in Apptronik's recent funding?

Key investors include Google, Mercedes-Benz Group AG, AT&T Ventures, and the Qatar Investment Authority.

What is the primary purpose of the $520 million raised by Apptronik?

The capital will be used to bring the Apollo humanoid robot to market, expand pilot programs, and support initial production scaling.

Home / Technology / Apptronik lands $520M for Apollo humanoid robots

Apptronik lands $520M for Apollo humanoid robots

11 Feb

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Summary

Apptronik secured $520 million, valuing the company at over $5.5 billion.
Funding round led by Google, Mercedes-Benz, and AT&T Ventures.
The capital will accelerate the market launch of the Apollo humanoid robot.

Apptronik lands $520M for Apollo humanoid robots

Apptronik, a startup specializing in AI-powered humanoid robots, has successfully closed a new funding round, raising approximately $520 million. This latest investment values the company at over $5.5 billion, marking a significant increase from its previous valuation. The round saw participation from major existing investors, including Google and Mercedes-Benz Group AG, as well as new strategic partners such as AT&T Ventures and the Qatar Investment Authority.

This substantial funding injection is set to accelerate the market launch of Apptronik's flagship humanoid robot, Apollo. The capital will also support the expansion of ongoing pilot programs and facilitate the initial scaling and production of the Apollo system. Apptronik's strategy is to develop general-purpose robots capable of operating in diverse environments, eventually targeting sectors like healthcare, retail, and home assistance.