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Apptronik raises $520 million to beat Chinese humanoids, Tesla Optimus to market
- Apptronik, a University of Texas spinout, raised an additional $520 million in its Series A funding, bringing the total to $935 million with a post-money valuation of about $5.3 billion.
- Investors including Google, Mercedes-Benz, and B Capital increased their investments, paying higher prices for shares compared to the initial Series A valuation of around $1.75 billion.
- Apptronik is developing bipedal humanoid robots with embodied AI to perform tasks like unloading trailers, picking warehouse inventory, and tending machinery, in partnership with Google DeepMind, GXO, and Mercedes-Benz.
- The company was not actively seeking additional funding but responded to strong inbound investor interest, reflecting the high costs of developing bipedal robots.
14 Articles
14 Articles
Apptronik raises $520M at $5B valuation to bring humanoid robots to market ahead of Tesla - Tech Startups
For years, humanoid robots have lived comfortably in demos, research labs, and keynote slides. Apptronik is trying to move them onto factory floors before the hype cycle runs out. The Austin-based startup has raised $520 million in new funding at […] The post Apptronik raises $520M at $5B valuation to bring humanoid robots to market ahead of Tesla first appeared on Tech Startups.
Apptronik announces $520m in Series A funding
AI-powered robotics company Apptronik today announced a US$520 million (c. £381m) Series A-X funding round. Apptronik is a human-centered robotics company developing AI-powered robots, with specific interest in humanoid robotic [...] The post Apptronik announces $520m in Series A funding appeared first on Robotics and Automation.
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