How much funding did Apptronik raise?

Apptronik raised $520 million in a recent funding round.

Who are the key investors in Apptronik?

Key investors in Apptronik include Google and Mercedes-Benz.

What will Apptronik use the funding for?

Apptronik will use the funding to develop new Apollo robot versions, ramp up production, and expand its workforce.

Home / Technology / Apptronik Secures $520M for Humanoid Robot Future

Apptronik Secures $520M for Humanoid Robot Future

11 Feb

•

Summary

Apptronik secured $520 million in funding backed by Google and Mercedes-Benz.
The company aims to commercialize its Apollo humanoid robot for industrial use.
The funding will support new robot versions, production, and workforce expansion.

Apptronik Secures $520M for Humanoid Robot Future

Humanoid robotics innovator Apptronik announced a substantial funding achievement, securing $520 million. This significant investment round was bolstered by prominent investors such as Google and Mercedes-Benz. The company, based in Austin, Texas, is strategically positioning itself to commercialize its advanced humanoid robots, primarily targeting industrial sectors.

The newly acquired capital is earmarked for crucial developmental initiatives. These include refining existing versions of its Apollo robot, accelerating production capabilities, and expanding its employee base. Apptronik also intends to establish a dedicated robot training and data collection facility within Austin, alongside a new office in California.

Apptronik anticipates a notable increase in the deployment of humanoid robots within factories and warehouses in the upcoming years. This trend aligns with a broader industry race to develop and integrate human-like robots for industrial tasks, with competitors like Figure AI also making significant strides.