Apptronik Raises $520M at $5B Valuation to Scale Apollo Humanoid Robots

In a major move for the humanoid robotics industry, Austin-based Apptronik has raised $520 million at a $5 billion valuation, bringing its Series A financing to $935 million. The round was co-led by B Capital and Google, signaling strong investor confidence in the company's Apollo humanoid robots. Apptronik plans to use the funds to expand operations, ramp up robot production, and build new facilities in Texas and California. Apollo is currently being tested in factory and warehouse environments with partners including Mercedes-Benz, GXO Logistics, and Jabil, showcasing its potential in industrial automation.

Apptronik is competing in a crowded field that includes Tesla (NASDAQ: TSLA), Figure, Agility Robotics, 1X, and China’s Unitree. To stay ahead, Apptronik recently partnered with Google DeepMind to integrate Gemini Robotics AI models into Apollo, enhancing its capabilities. Investors cite growing demand for humanoid automation and the potential for robots capable of performing a wide range of industrial tasks. With about 300 employees currently, Apptronik expects significant hiring as it scales toward large-scale production. For the full report, visit https://ibn.fm/4CpAH.

Apptronik is a human-centered robotics company with roots in the University of Texas at Austin's Human Centered Robotics Lab, building on nearly a decade of development and 15 previous robots, including NASA’s Valkyrie. The company's Apollo robot is designed for thoughtful collaboration with humans, initially targeting manufacturing and logistics, with future applications in healthcare, the home, and beyond. This funding milestone underscores the accelerating race to commercialize humanoid robots and Apptronik's position at the forefront. For more details, visit https://apptronik.com/.