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Austin robotics startup Apptronik lands $350M to commercialize humanoid bots

Apptronik, a robotics lab founded in 2016, raised $350 million in a Series A funding round to scale production of its humanoid robot named Apollo, as announced by CEO Jeff Cardenas.
The funding will support Apptronik's growth and innovation in the competitive humanoid robot market, which includes established players like Tesla, according to a company press release.
Apptronik has partnered with NASA to develop robots designed for various tasks, including disaster relief and healthcare, and these humanoid robots may assist in future space missions, according to Howard Morgan, chair of B Capital.
The global market for humanoid robots could reach $38 billion by 2035, as reported by Goldman Sachs.

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CNBC

Google joins $350 million funding round for humanoid robotics company Apptronik

Apptronik has partnered with NASA and Nvidia as it works on iterations of robots that rival those of Elon Musk's Tesla Optimus.

7 days ago·United States

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The Business Journals

Austin robotics startup Apptronik lands $350M to commercialize humanoid bots

A robotics startup has raised one of the biggest venture capital funding rounds in the city's history. In this story, we put that massive investment into context and talk with the company's founder and lead investor about how the big money infusion will help it commercialize its robots for industrial uses and one day refine them enough to work in hospitals, nursing homes and households.

7 days ago·United States

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TechCrunch

Apptronik, which makes humanoid robots, raises $350M as category heats up

Apptronik, a University of Texas spinout that was quietly building humanoid robots before it became quite so fashionable, on Thursday announced a $350

7 days ago·United States

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ZDNet

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.

7 days ago·United States

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Globe Newswire

Apptronik Raises $350 Million to Scale Production of AI-Powered Humanoid Robots and Meet Significant Customer Demand

B Capital, Capital Factory and Google back Apptronik in the race to develop and deploy humanoid robots at scale...

7 days ago

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Vogon Today

Google focuses on Apptronik's humanoid robots (which challenges Tesla and more)

Apptronik, a Texas-based humanoid robot company, has closed a $350 million financing round, in which Google also participated. Will his Apollo give Tesla's Optimus a run for his money? Facts, numbers and comments on the sector Both from Austin, Texas. Both with the aim of creating humanoid robots equipped with artificial intelligence, capable of carrying out human activities. They are Apptronik, in which Google has just invested, and Tesla. And …

6 days ago

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