Apptronik closes over $935M Series A with new $520M extension round

AI-powered humanoid robotics company Apptronik announced a $520 million Series A-X funding round, with participation from existing investors including Google, B Capital, Mercedes-Benz and PEAK6, and new investors including AT&T Ventures, John Deere and Qatar Investment Authority (QIA).

The Series A-X extension round follows a $415 million oversubscribed initial Series A raise in 2025, bringing the company’s total Series A to more than $935 million and total capital raised to nearly $1 billion. After the initial Series A announcement, Apptronik said it continued to receive substantial inbound investor interest, prompting the company to open a new extension of its Series A at a 3x multiple of the Series A valuation.

Scaling Apollo humanoid production

With this fresh capital, Apptronik said it will ramp up production of its Apollo humanoid robot and expand its global network of commercial and pilot deployments. The company said that the investment will accelerate time to market and enable Apptronik to invest in projects that are needed to solve the use cases of its large number of retail, manufacturing and logistics customers, including building state-of-the-art facilities for robot training and data collection.

Apptronik said that the funding will also fuel continued innovation in the company’s pioneering human-centered robot design, paving the way for its new robot set to debut in 2026.

“Today’s investment is a strong vote of confidence in our mission to deliver humanoid robots that are designed to work alongside humans, not just as tools but as trusted collaborators,” said Jeff Cardenas, co-founder and CEO of Apptronik. “With the backing of our longstanding investors and strategic partners, we’re poised to unveil the newest version of Apollo and maximize the impact of embodied AI across industries. Together, we’re transforming workflows, reimagining factory floors and writing a new chapter for next-generation humanoid robots that are designed and built to drive meaningful societal progress.”

Apptronik has inked partnerships with several organizations, including Mercedes-Benz, GXO Logistics and Jabil. Apptronik also has a strategic partnership with Google DeepMind to build the next generation of humanoid robots, powered by Gemini Robotics.

“Apptronik is setting the standard in embodied AI at scale,” said Howard Morgan, chair and general partner of B Capital. “At this pivotal moment, we’re proud to deepen our support as the team accelerates production and real-world deployment of AI-powered collaborators designed to work alongside people and reshape manufacturing, logistics and other mission-critical industries.”

Apptronik said that Apollo is designed to revolutionize human-robot interaction, initially in critical industries like logistics and manufacturing, with future planned expansion into retail, healthcare and eventually, the home. The company said that Apollo takes on physically demanding work and labor-intensive operational processes in manufacturing and logistics - working alongside human counterparts to transport components, sort and kit, among other tasks.