Apptronik Raises $350M with Google Backing for Apollo Robots
Apptronik raises $350M led by B Capital with Google participation to scale Apollo humanoid robot production for commercial deployment.
Austin-based Apptronik has closed a $350 million funding round led by B Capital and Capital Factory, with participation from Alphabet’s Google, to scale production of its Apollo humanoid robots for commercial deployment.
Apptronik completed a $350 million funding round to accelerate production of its Apollo humanoid robots, marking one of the largest funding rounds in the humanoid robotics sector. The round was co-led by B Capital and Capital Factory, with notable participation from Google, signaling growing Big Tech interest in humanoid robotics platforms.
The funding will be directed toward scaling manufacturing capabilities for Apollo, Apptronik’s flagship humanoid robot designed for warehouse and logistics applications.
Apptronik, founded in 2016 as a spin-out from the University of Texas at Austin’s Human Centered Robotics Lab, has focused on developing general-purpose humanoid robots. The company’s approach emphasizes safety and human-robot collaboration.
The participation of Google in this funding round is particularly significant, as it represents Alphabet’s continued investment in robotics beyond its internal research efforts. Google has previously invested in robotics companies including Boston Dynamics (which it later sold) and has maintained active robotics research through DeepMind and Google Research.
B Capital, co-founded by Facebook co-founder Eduardo Saverin, has been active in robotics investments, while Capital Factory is a prominent Austin-based venture capital firm that has supported the local tech ecosystem. The combination of these investors with Google’s participation suggests strong confidence in Apptronik’s commercial potential.
The humanoid robotics market has seen increased investor attention in recent years, with companies like Agility Robotics, 1X Technologies, and Figure AI also raising significant funding rounds. However, Apptronik’s $350 million raise stands out for its size and the caliber of investors involved.
Apptronik plans to use the funding to establish manufacturing partnerships and scale production capabilities to meet anticipated commercial demand.
With this funding round, Apptronik joins a growing cohort of well-funded humanoid robotics companies preparing for commercial market entry, setting up what could be a defining period for the sector’s commercial viability.