Social RoboticsApptronik extends Series A to $935m for its Apollo humanoid
A $520m extension backed by Google, Mercedes-Benz and B Capital lifted the humanoid maker to a valuation of about $5bn.
Austin-based Apptronik reopened its Series A and raised a further $520m, taking the round to $935m, with TechCrunch reporting a post-money valuation of roughly $5.3bn. Existing backers including Google, Mercedes-Benz and B Capital took part. The company's Apollo humanoid is aimed at logistics and factory work, and Apptronik works with Google DeepMind on embodied AI. Although Apollo is not a social robot, the round illustrates the scale of capital flowing into humanoids, and Apollo later became the showcase platform for DeepMind's Gemini Robotics 2.
Source: TechCrunch
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