Apptronik's Series A swells past $935 million as humanoid-robot race heats up
A February extension co-led by B Capital and Capital Factory, with Google participating, pushed the Austin robotics company's Series A near $1 billion total.
AUSTIN — Apptronik, the maker of the Apollo humanoid robot, has extended its Series A past $935 million, capping a fundraising run that has taken total capital raised close to $1 billion.
The company first announced a $350 million Series A in February 2025, co-led by B Capital and Austin's Capital Factory, with participation from Google. That tranche followed an oversubscribed initial raise and was later extended again, with strategic investors including Mercedes-Benz, Japan Post Capital and ARK Invest joining over subsequent rounds.
Apptronik says the money will fund production scaling for Apollo, which it is positioning for logistics and manufacturing work, and is producing in collaboration with manufacturing partner Jabil.
Why it matters
Humanoid robotics has become one of the most heavily funded frontiers in hardware, and Apptronik's raise puts an Austin company at the center of it. The involvement of Capital Factory as a co-lead is notable: a local accelerator-and-fund anchoring a near-billion-dollar round is a marker of how far Austin's deep-tech investor base has matured.
Apple, Tesla and a wave of well-capitalized startups are all chasing general-purpose humanoids, making customer demand and unit economics — not demos — the next test for the category.
Reported by Next in Austin. Based on reporting from TechCrunch.
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