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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.
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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.
Google is developing an AI called Gemini Robotics and is working with Apptronik to develop the next generation of humanoid robots. This startup has just raised nearly a billion dollars to accelerate the marketing of its Apollo robot.
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Total News Sources12
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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