One of the most important private robotics companies in America has just raised a huge new round of funding. And some of the biggest investors in technology are behind it.
What’s happening:
- Humanoid robot company Apptronik has raised $520M USD in a Series A extension round
By the numbers:
- Apptronik has now raised approximately $935M USD in total in their Series A financing round
Why it matters:
- Apptronik has publicly stated they plan to use the new growth capital to meaningfully ramp up the production of their flagship humanoid robot known as Apollo
Going deeper:
- Apptronik has also publicly stated they plan to begin building new facilities in Austin, Texas for training new versions of their humanoid robots and data collection
- Some of the largest technology companies and venture capital funds in the world participated in Apptronik’s Series A round, including Google (NASDAQ: GOOG), Mercedes-Benz, AT&T Ventures, John Deere and the Qatar Investment Authority
The intrigue:
- Google has been aggressively making strategic investments into startups building hardware and software for robotics, previously notably being one of the lead investors in Physical Intelligence’s $600M USD Series B financing round alongside of Amazon (NASDAQ: AMZN) founder Jeff Bezos and Lux Capital
