Apptronik Secures $350M to Scale Humanoid Robot Production

The funding will accelerate the development and deployment of Apollo, Apptronik's AI-powered humanoid robot, targeting industrial applications with future potential in healthcare and home use.

Apptronik raised $350 million in a Series A funding round co-led by B Capital and Capital Factory, with participation from Google.
The funding will be used to scale production of Apollo, a humanoid robot designed for industrial tasks like logistics and manufacturing.
Apptronik's partnership with Google DeepMind aims to enhance AI capabilities for Apollo, while the company plans to expand its workforce by 50% in the coming year.
Apollo's design emphasizes affordability and user-friendliness, with a target price below $50,000, though it is not yet ready for consumer markets.
Founded in 2016, Apptronik has collaborated with NASA and other industry leaders, leveraging over a decade of robotics expertise to develop Apollo and other advanced systems.