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Robotics company Apptronik closed a huge new extension round of $520 million, adding to its initially $415 million series A funding round for a total of $935 million in Series A funding. The target: ramping production of Apollo, Apptronik’s humanoid robot. “Today’s investment is a strong vote of confidence in our mission to deliver humanoid robots that are designed to work alongside humans, not just as tools but as trusted collaborators,” CEO Jeff Cardenas said in a statement. “With the backing of our longstanding investors and strategic partners, we’re poised to unveil the newest version of Apollo and maximize the impact of embodied AI across industries. Together, we’re transforming work flows, reimagining factory floors and writing a new chapter for next-generation humanoid robots that are designed and built to drive meaningful societal progress.” This makes Apptronik a top-three robotics company globally for investment, behind Figure AI, which just closed a billion-dollar round in September last year.
Full report : Apptronik Scores $935 Million, Hits Top 3 For Humanoid Robotics Funding.
For more see the OODA Company Profile on Apptronik.