Apptronik Nears $1 Billion Milestone with Massive $520 Million Funding Extension

Apptronik is cementing its position as a heavyweight in the global humanoid robotics race. The Austin-based firm announced today that it has closed a $520 million Series A-X funding round, bringing its total Series A capital to more than $935 million and its lifetime funding to nearly $1 billion.

The massive extension round follows a surge of investor interest following the company's oversubscribed initial Series A raise in 2025. According to the company, the new financing was raised at a 3x multiple of the previous Series A valuation, underscoring the rapid appreciation of the sector as general-purpose robots move from research labs to factory floors. Recent reports had already suggested the company's valuation had soared to roughly $5 billion amid the escalating capital race.

A Blue-Chip Investor Roster

The round saw significant participation from both existing backers and strategic new partners:

• Existing Investors: B Capital, Google, Mercedes-Benz, and PEAK6.
• New Investors: AT&T Ventures, John Deere, and the Qatar Investment Authority (QIA).

The involvement of John Deere and AT&T Ventures signals a broadening interest in how humanoid automation might impact heavy industry and telecommunications. This fits into Apptronik CEO Jeff Cardenas’s vision of robotics as the "space race of our time," requiring massive capital and strategic alliances to survive a narrowing competitive window in the United States.

Ramping Apollo and the 2026 Roadmap

Apptronik plans to use the fresh capital to aggressively scale the production of Apollo, its flagship commercial humanoid. The funds are earmarked for:

• Production Ramp: Increasing manufacturing capacity to meet demand from retail, manufacturing, and logistics customers.
• Global Deployments: Expanding existing pilot programs with partners like Mercedes-Benz, GXO Logistics, and Jabil.
• Data Infrastructure: Building state-of-the-art facilities for robot training and data collection, creating the "data flywheel" necessary for autonomous intelligence.
• Next-Gen Hardware: Fueling the development of a new humanoid robot currently scheduled to debut in 2026.

The Intelligence Edge

Beyond the hardware, Apptronik continues to benefit from its collaboration with Google DeepMind. By integrating Gemini Robotics models, Apollo is evolving into a proactive physical agent capable of complex reasoning and multi-step planning. This software-first approach allows Apptronik to treat the robot as a general-purpose platform—what Cardenas calls the "personal computer" moment for robotics.

While the company remains focused on Apollo, it is also diversifying its technological footprint. Through its subsidiary, Elevate Robotics, Apptronik is exploring "superhuman" automation solutions for industrial tasks that exceed the limitations of the human form.

With nearly $1 billion in the bank, Apptronik now possesses one of the largest "war chests" in the industry, rivaling the capital reserves of major competitors like Figure and Tesla.