Apptronik, an Austin, TX-based AI-powered humanoid robotics company, raised $350M in Series A funding.
The round was led by B Capital and Capital Factory, with participation from Google.
The company intends to use the funds to accelerate the deployment of Apollo, while scaling operations, accelerating innovation, and growing its team to meet the demand for new AI-powered humanoid robots.
Led by CEO Jeff Cardenas, Apptronik is a human-centered robotics company developing AI-powered humanoid robots aiming to create human helpers to support humanity in every facet of life. Its robot, Apollo, is designed to collaborate with humans, initially in critical industries such as manufacturing and logistics, with future applications in healthcare, the home, and beyond. Apollo is the culmination of nearly a decade of development, drawing on Apptronik’s work on 15 previous robots, including NASA’s Valkyrie robot.
Apptronik started out of the Human Centered Robotics Lab at the University of Texas at Austin and has over 150 employees. The company also established a landmark strategic partnership with the Google DeepMind robotics team to combine AI with its humanoid robot platform. Furthermore, they secured foundational commercial agreements with industry leaders Mercedes-Benz and GXO Logistics, demonstrating the applications and market demand for its advanced humanoid robots.
FinSMEs
14/02/2025