Apptronik, the AI-powered humanoid robotics company, has successfully closed an “oversubscribed” $403 million Series A funding round, adding an extra $53 million to the previously announced $350 million round led by B Capital and Capital Factory, with participation from Google.
Mercedes-Benz, Japan Post Capital, ARK Invest, Helium-3, Magnetar, RyderVentures (the corporate venture capital arm of Ryder System), a syndicate led by Korea Investment Partners, and others are also joining the oversubscribed round, reflecting strong market demand and investor confidence in Apptronik’s leadership, unique design and technology, and transformative vision for embodied AI.
The Series A funding will fuel production and deployment of Apptronik’s AI-powered humanoid robot, Apollo, and support growing customer demand across key industries – including automotive, electronics manufacturing, third-party logistics, beverage bottling and fulfillment, and consumer packaged goods. [Read more…] about Apptronik raises more than $400 million in additional Series A funding