Apptronik, Inc.

Founded in 2016 and based in Austin, US, Apptronik, Inc. specializes in robotic solutions, notably the Apollo humanoid robot, designed to enhance operational efficiency across various industries by automating repetitive tasks. Apptronik, Inc. is focused on developing cutting-edge robotics technology including the Apollo humanoid robot, which serves as a versatile solution for tasks traditionally performed by humans.

The company was founded in 2016 in Austin, US, and has successfully engaged in several funding deals. In February 2026, Apptronik, Inc. raised USD 520 million in series A funding co-led by Google Holdings and B Capital, with participation from Mercedes Benz Group, PEAK6 Investments, Qatar Investment Authority, John Deere Foundation, AT&T Pension Fund, Data Power Ventures, Rockaway, and Scrum Ventures. The round was part of a larger USD 935 million series A round.

The series A funding values Apptronik, Inc. at approximately USD 5. 3 billion post-money. Apollo is engineered to perform a range of tasks traditionally executed by humans, such as case picking, palletizing, machine tending, and other labor-intensive operations in sectors like logistics, retail, and manufacturing.

The robot stands 5'8" and operates for up to four hours per battery pack, making it an effective tool for tasks where repetitive physical labor is required. By automating mundane and strenuous activities, Apollo aims to improve job satisfaction for human workers, allowing them to focus on more skilled roles. The company primarily serves clients in the United States and potentially markets beyond, engaging with companies in the third-party logistics (3PL), retail, and manufacturing sectors. Apptronik generates revenue through a model that incorporates a Robotics as a Service (RaaS) framework, providing clients with the Apollo robot and associated services.

This transactional structure allows businesses to subscribe to the robot's capabilities, thus ensuring immediate return on investment and facilitating operational scalability. Clients pay for the deployment and usage of the Apollo robot, which can be tailored to specific tasks within their operations. Revenue streams may include subscription fees for ongoing support and maintenance, as well as partnerships for larger scale implementations. The focus on a general-purpose robot-like Apollo aid in establishing long-term relationships with businesses seeking to alleviate labor shortages and improve workplace safety, emphasizing the potential for recurring revenue through service agreements and upgrades.

The company will use the February 2026 funding to support the development and deployment of humanoid robots capable of performing physical tasks through embodied artificial intelligence.