Apptronik has raised $935 million in its Series A funding round, marking the largest investment in the humanoid robotics industry to date, with participation from notable investors such as Google, Mercedes-Benz, and AT&T Ventures, and increasing its valuation to approximately $5.3 billion.

Information on the target

Apptronik, a developer of humanoid robots, has successfully raised a total of $935 million in its Series A funding round. This round began in February of last year with an initial $350 million and expanded to $415 million in March. The latest infusion of $520 million marks the largest Series A funding in the humanoid robotics industry to date.

The additional investment saw participation from existing investors such as Google, Mercedes-Benz, and B Capital, alongside new investors including AT&T Ventures, John Deere, and the Qatar Investment Authority (QIA). Apptronik's valuation has surged to approximately $5.3 billion, nearly tripling from $1.8 billion at the time of its initial Series A funding a year ago.

Industry overview in the target’s specific country

The humanoid robotics market is currently experiencing a surge in investment, driven by advancements in artificial intelligence and automation technologies. In the United States, the industry is poised for significant growth, with pr