FundraiseNov 25, 2025, 22:50 UTC

Apptronik Advances Toward $500M Funding Target at a $5B Valuation

Apptronik, the Austin-based humanoid robotics company behind the Apollo robot, is raising a new funding round that values the business at $5 billion. The company has already secured more than $331 million toward a planned $500 million raise, with the final total potentially exceeding its target.

This follows a $403 million round earlier in the year, highlighting the substantial investment required to bring humanoid robots from laboratory development into commercial production.

Founded in 2016 as a spinout from the University of Texas’ Human Centered Robotics Lab, Apptronik has steadily broadened its technical and commercial capabilities.

Apollo, its full-scale humanoid platform, is being tested in manufacturing and logistics environments by Mercedes-Benz, GXO and Jabil. These pilots are helping the company refine use cases, validate performance and prepare for larger-scale deployments.

The company collaborates with Google DeepMind, which provides the AI models that will eventually operate Apollo. Apptronik focuses on hardware, locomotion and systems integration, while drawing on partners such as Psyonic for advanced robotic hands—one of the more complex components in humanoid design.

Apptronik recently leased a 59,000-square-foot facility near its North Austin headquarters to increase production, testing and assembly capacity. As the company ramps up pilots and moves closer to commercial availability, the ongoing raise is intended to support manufacturing, broaden deployments and strengthen its position in a sector that is gaining momentum globally.

Sources:
Statesman
Business Journal
The Information

J.V.