Although robotics funding remained relatively unchanged last year, some humanoid robot startups have seen massive cash from investors.
Add to that list, as the Austin, Texas-based AI-powered humanoid robotics company locked up a $350 million Series A co-led by and , with participation from . Founded in 2016, Apptronik had previously raised $28 million, per the company.
The startup said it will use the fresh cash to develop Apollo, its humanoid robot designed for industrial work. The company, which competes with , has partnered with and , and has developed 15 robotic systems, including NASA���s humanoid robot Valkyrie.
���We���re creating the world���s most advanced and capable humanoid robots, designed to work alongside humans in meaningful and transformative ways,��� said co-founder and CEO in the funding announcement. ���By uniting cutting-edge AI with hardware engineered for meaningful interaction, we���re shaping a future where robots become true partners in driving progress. It���s inspiring to have investors who believe in this vision and are committed to helping us bring it to life.���
Big money robots
This is far from the only big-money round to go to a robotics startup recently.
In November, , a startup developing brains for a wide array of robots, raised a $400 million round at a $2 billion valuation led by , and , .泭
In July, Pittsburgh-based ��� also developing brain models that can be used in a variety of robots and for different tasks ��� raised a $300 million Series A led by , , and Bezos, through his . The funding valued the company at $1.5 billion.
Also it was only about a year ago when Sunnyvale, California-based , which is developing AI-enhanced robots that it hopes will be able to perform dangerous jobs and alleviate labor shortages, raised a huge $675 million round at a pre-money valuation of roughly $2 billion. That round included investments from , Bezos��� and others.泭
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Related reading:
- The Year Of Humanoid Robots
- Robotics Funding Remains Robust As Startups Seek To Expand Robots��� Skills
- Robot Brain Startup Physical Intelligence Raises $400M At $2B Valuation
- Robotics Startups On The Rise In 2024
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