Apptronik Raises $520 Million to Scale Apollo Humanoid Robots, CNBC Reports
Apptronik has secured $520 million at a $5 billion valuation to accelerate commercialization of its Apollo humanoid robots, signaling growing investor confidence in humanoid automation for industrial tasks.
Apptronik, an Austin-based humanoid robotics developer, has raised $520 million at a $5 billion valuation to accelerate commercialization of its Apollo humanoid robots, according to a CNBC report by Lora Kolodny. The funding round, which brings the company’s Series A financing to $935 million, was co-led by B Capital and Google and will support expanded operations, increased robot production and new facilities in Texas and California.
Apollo robots are currently being tested in factory and warehouse environments with partners including Mercedes-Benz, GXO Logistics and Jabil. The funding will help Apptronik scale production and meet growing demand from industrial sectors looking to automate repetitive and physically demanding tasks. The company recently partnered with Google DeepMind to integrate Gemini Robotics AI models into Apollo, enhancing the robot's ability to perceive and interact with its environment.
Apptronik is competing with a growing field of humanoid robotics companies, including Tesla (NASDAQ: TSLA), Figure, Agility Robotics, 1X and China’s Unitree. The race to develop commercially viable humanoid robots has intensified as companies seek to address labor shortages and improve efficiency in logistics and manufacturing. Investors cited growing demand for humanoid automation and the potential for robots capable of performing a wide range of industrial tasks.
CNBC reported that Apptronik currently employs about 300 people and expects significant hiring as it works toward large-scale production. The company plans to use the new capital to expand its workforce and build out manufacturing capacity in Texas and California. Apptronik’s Apollo humanoid is designed to collaborate thoughtfully with humans, initially targeting critical industries such as manufacturing and logistics, with future applications in healthcare, the home, and beyond.
The importance of this announcement lies in the scale of investment and the strategic partnerships Apptronik has secured. With $935 million in Series A funding and backing from Google and B Capital, Apptronik is positioned to become a major player in the humanoid robotics market. The integration of Google DeepMind’s AI models could give Apollo a competitive edge in terms of intelligence and adaptability, potentially accelerating deployment across multiple industries.
To view the full report, visit https://ibn.fm/4CpAH. For more details about Apptronik, visit https://apptronik.com/.