Total amount raised
$378.7 Millions
Latest funding date
2/1/2025
Location
Apptronik has successfully raised significant funding through multiple rounds, with its latest being a Series A. The company specializes in developing human-centered robotics systems designed to enhance efficiency and productivity across various industries.
Keep reading to explore the intricacies of Apptronik's fundraising journey and the investors backing this innovative robotics company.
What Is Apptronik?
Apptronik, founded in 2016, is based in Austin, Texas. The company specializes in developing human-centered robotics systems designed to enhance efficiency and productivity across various industries.
Founded by Bill Helmsing, Jeffrey Cardenas, and Nicholas Paine, Apptronik focuses on creating humanoid robots for real-world applications. Their flagship product, Apollo, is a general-purpose humanoid robot capable of performing a wide range of tasks.
With a team of 101-250 employees, Apptronik continues to innovate in the field of robotics, aiming to solve labor shortages and improve operational efficiency in diverse environments.
How Much Funding Has Apptronik Raised?
- Seed Round
- Amount Raised: $14.6M
- Date: June 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop initial prototypes and validate the technology.
- Grant
- Amount Raised: $224.9K
- Date: December 2017
- Lead Investors: Not applicable
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage research and development.
- Funding Round
- Amount Raised: $13.9M
- Date: February 2023
- Lead Investors: Terex
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $350M
- Date: February 2025
- Lead Investors: B Capital, Capital Factory
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production and meet significant customer demand.
Total Amount Raised: $378.7M. Current Valuation: Not publicly disclosed.
Key Investors
- B Capital
- Details: B Capital is a venture capital firm that invests in growth-stage companies. They focus on backing innovative founders and companies that are redefining industries and addressing societal challenges through technology.
- Investment Focus Areas: Enterprise software, fintech, healthcare, industrial automation.
- Notable Investments: Bird, Evidation Health, Ninja Van.
- Capital Factory
- Details: Capital Factory is an accelerator and venture capital firm that focuses on early-stage startups. They provide mentorship, resources, and funding to companies in the technology and innovation sectors.
- Investment Focus Areas: Early-stage technology startups, innovation sectors.
- Notable Investments: Aceable, Coder, ICON.
- Google (via DeepMind)
- Details: Google, through its DeepMind division, focuses on artificial intelligence and machine learning. They aim to develop advanced AI models and applications that can be integrated with their existing platforms and services.
- Investment Focus Areas: Artificial intelligence, machine learning, advanced AI models.
- Notable Investments: Waymo, Verily, Calico.
- Terex
- Details: Terex is a global manufacturer of lifting and material processing products and services. They focus on providing solutions that enhance productivity and efficiency in various industries.
- Investment Focus Areas: Industrial equipment, construction, material processing.
- Notable Investments: Not publicly disclosed.
- RyderVentures
- Details: RyderVentures is the investment arm of Ryder System, Inc., a leader in supply chain, dedicated transportation, and fleet management solutions. They focus on logistics and supply chain technology.
- Investment Focus Areas: Logistics, supply chain technology, transportation.
- Notable Investments: Not publicly disclosed.
What's Next for Apptronik?
Apptronik stands at the cusp of a transformative era, with opportunities spanning logistics, manufacturing, eldercare, and healthcare. The $350 million Series A funding will enable the company to scale production and meet the surging demand for its humanoid robots, particularly Apollo. Strategic partnerships with industry giants like Google DeepMind, Mercedes-Benz, and GXO Logistics further amplify its growth potential.
Future fundraising rounds seem inevitable as Apptronik continues to innovate and expand into new markets. However, challenges such as scaling manufacturing, maintaining technological leadership, and navigating competitive pressures from companies like Tesla and Boston Dynamics could pose significant hurdles. The company’s ability to address these challenges will be crucial for its sustained success.
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