Apptronik Secures $350 Million in Series A Funding to Accelerate Humanoid Robot Development
9 Sources
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Apptronik Secures $350 Million in Series A Funding with Backing from Google
"This will fuel the deployment of Apollo, allow us to scale our operations, meeting the global demand for humanoid robots." US-based humanoid robotics company Apptronik has raised $350 million in Series A funding to expand the production of its humanoid robot, Apollo, and meet growing customer
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Apptronik to scale up production of robots that work alongside humans
"By uniting cutting-edge AI with hardware engineered for meaningful interaction, we're shaping a future where robots become true partners in driving progress. It's inspiring to have investors who believe in this vision and are committed to helping us bring it to life," said Cardenas. The company
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Apptronik raises $350 million to scale production of humanoid robots
(Reuters) - Apptronik said on Thursday it has raised $350 million in a funding round led by B Capital and Capital Factory, with participation from Alphabet's Google, to scale production of AI-powered humanoid robots. The Austin, Texas-based company is developing Apollo, a human-like or humanoid
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AI-powered humanoid robotics company Apptronik raises $350M - SiliconANGLE
Apptronik Inc., the maker of artificial intelligence-powered humanoid robots, today announced it raised $350 million in a Series A round co-led by B Capital and Capital Factory with participation from Google to advance the development of its next-gen robot Apollo. Humanoid robots have continued to
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Apptronik Gets $350M To Build Better Humanoid Robots
Although robotics funding remained relatively unchanged last year, some humanoid robot startups have seen massive cash from investors. Add Apptronik to that list, as the Austin, Texas-based AI-powered humanoid robotics company locked up a $350 million Series A co-led by B Capital and Capital
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Apptronik Raises $350 Million to Scale Production of AI-Powered Humanoid Robots and Meet Significant Customer Demand
AUSTIN, Texas, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Today, Apptronik, the AI-powered humanoid robotics company, announced the successful closing of a $350 million Series A funding round co-led by B Capital and Capital Factory, with participation from Google. The new funding marks a pivotal moment for
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AI humanoid robots step closer - thanks to new $350 million investment
Apptronik's latest round of funding will accelerate the deployment of Apollo, its 5-foot, 8-inch, 160-pound robot. AI-powered humanoid robots that co-exist with humans to help our workloads may seem like the plot of a sci-fi movie, but companies have been working on them for years. Case in point:
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Apptronik, which makes humanoid robots, raises $350M as category heats up | TechCrunch
Apptronik, a University of Texas spin-out that was quietly building humanoid robots before it became quite so fashionable, on Thursday announced a $350 million Series A round of financing. B Capital and Capital Factory co-led the round, which also featured participation from Google, whose DeepMind
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Apptronik Raises $350 Million for 'Meaningful' Robot-Human Work Interactions | PYMNTS.com
The company's Series A round will also allow it to scale operations and expand its staff to meet what it said is a surge in demand for artificial intelligence-powered humanoid robots, according to a Thursday (Feb. 13) press release. "We're creating the world's most advanced and capable humanoid
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Apptronik, a US-based humanoid robotics company, has raised $350 million in Series A funding to expand production of its humanoid robot, Apollo. The round was co-led by B Capital and Capital Factory, with participation from Google, positioning Apptronik as a leader in AI-powered humanoid robotics.
Apptronik Secures Massive Funding for Humanoid Robot Development
Apptronik, a US-based humanoid robotics company, has successfully raised $350 million in a Series A funding round, marking a significant milestone in the rapidly evolving field of AI-powered robotics
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. The funding round, co-led by B Capital and Capital Factory with participation from tech giant Google, positions Apptronik as a frontrunner in the race to develop advanced humanoid robots3
.Apollo: The Next Generation of Humanoid Robots
At the heart of Apptronik's vision is Apollo, a humanoid robot designed for industrial work. Apollo is set to revolutionize various sectors, including logistics, manufacturing, and potentially healthcare
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. Jeff Cardenas, CEO and co-founder of Apptronik, emphasized the company's goal: "We're creating the world's most advanced and capable humanoid robots, designed to work alongside humans in meaningful ways"1
.Strategic Partnerships and Technological Advancements
Apptronik's journey is bolstered by strategic partnerships that underscore its technological prowess:
- Collaboration with Google DeepMind's robotics team to create truly intelligent and autonomous robots
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. - Partnership with NASA to advance humanoid robotics
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. - Collaboration with NVIDIA to develop dexterous manipulation technology
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. - Commercial agreements with Mercedes-Benz and GXO Logistics, demonstrating market interest
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Expanding Horizons and Future Applications
The substantial funding will accelerate Apptronik's development of next-generation humanoid robots and enhance Apollo's capabilities
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. The company plans to explore new robot models and expand into various industries:- Immediate focus: Logistics and manufacturing
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. - Future applications: Eldercare, healthcare, construction, oil and gas, electronics, retail, and delivery
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. - Potential for disaster relief and space exploration applications
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Industry Impact and Market Position
Apptronik's funding success reflects a growing trend in the humanoid robotics sector:
- The company joins the ranks of competitors like Tesla and Nvidia-backed Figure AI in the race to develop human-like robots
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. - With only $28 million raised before this round, Apptronik has demonstrated remarkable capital efficiency
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. - The investment is seen as an "inflection point" for the industry, with significant activity expected in robotics by 2025
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Technological Edge and Design Philosophy
Apptronik's approach to humanoid robot design sets it apart in the market:
- Full-stack approach to designing a humanoid robot platform
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. - Unique actuation technology that promises affordability, simplified maintenance, and potential for mass production
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. - Focus on creating user-friendly and approachable robots
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As the field of AI-powered humanoid robotics continues to advance, Apptronik's substantial funding and innovative approach position it as a key player in shaping the future of human-robot interaction and industrial automation.
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