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- Apptronik
Apptronik Valuation, Funding & Investors
Apptronik is valued at $5.3B as of February 2026.
Last Apptronik valuation
$5.3B
Series A · Feb 2026
Last Apptronik funding round
$520M
Series A · Feb 2026
Cumulative funding Apptronik raised
$1.3B
across 5 funding rounds
Key investors in Apptronik
B Capital
Capital Factory
Scrum Ventures
Alphabet
Qatar Investment Authority
Mercedes-Benz
About Apptronik
Apptronik is an Austin-based developer of humanoid robots including the Apollo model for logistics, manufacturing, and service applications. The company builds general-purpose robots capable of handling repetitive tasks in warehouses and hazardous environments to boost human productivity. Apptronik collaborates with NASA and delivers systems through its manufacturing services division, focusing on bipedal mobility, dexterity, and AI-driven autonomy.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$5.3B (Feb 2026)
Apptronik Valuation
Apptronik is currently valued at $5.3B, based on its Series A in February 2026.
The $520M round was led by B Capital, Alphabet and Mercedes-Benz, with participation from Qatar Investment Authority, AT&T Ventures, Scrum Ventures, Deere and Peak 6.
Apptronik's valuation has grown 49x from $109M at its undisclosed-stage round in February 2023 to $5.3B in February 2026, across 3 priced rounds.
Apptronik valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2026 | Series A | $5.3B |
| Nov 2025 | Undisclosed stage | $5.3B |
| Feb 2023 | Undisclosed stage | $109M |
Apptronik Funding History
Apptronik has raised a total of $1.3B across 5 funding rounds.
Apptronik's first fundraising round was a $15M seed round in June 2022. The most recent completed round was a $520M Series A in February 2026.
Apptronik funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Series A | B Capital (lead); Alphabet (lead); Mercedes-Benz (lead); Qatar Investment Authority; AT&T Ventures; Scrum Ventures; Deere; Peak 6 | $520M | $5.3B | Apptronik is an AI-powered robotics company founded in 2016 and based in Austin, Texas, that designs and manufactures humanoid robots for deployment in manufacturing, logistics, and consumer packaged goods environments. The company has developed the Apollo humanoid robot and maintains a strategic partnership with Google DeepMind to build next-generation robots powered by Gemini Robotics, with commercial agreements from customers including Mercedes-Benz, GXO Logistics, and Jabil. On February 11, 2026, Apptronik announced a $520 million Series A-X extension round led by existing investors B Capital, Google, Mercedes-Benz, and Peak 6, with participation from new investors AT&T Ventures, John Deere, and Qatar Investment Authority. This extension brought the total Series A funding to over $935 million, with the company's post-money valuation reaching approximately $5.3 billion, representing a roughly threefold increase from the initial Series A valuation of around $1.75 billion. The company plans to use the capital to ramp up production of Apollo, expand its global network of commercial and pilot deployments, build state-of-the-art facilities for robot training and data collection, and develop a new robot model set to debut in 2026. Since its 2016 inception, Apptronik has raised nearly $1 billion in total capital and has been recognized for its humanoid robot design and embodied AI capabilities, competing in a broader robotics funding surge that saw the sector raise nearly $14 billion in 2025 alone. |
| Nov 2025 | Undisclosed stage | - | $331M | $5.3B | Apptronik, a University of Texas spinout based in Austin, develops AI-powered humanoid robots like Apollo for tasks in warehouses, manufacturing, and logistics, with partnerships including Google DeepMind, Mercedes-Benz, GXO, and Jabil. The company announced a $520 million Series A-X extension on February 11, 2026, bringing the total Series A to over $935 million following an initial $415 million raise in early 2025 and prior tranches like $331 million in November 2025, achieving a post-money valuation of about $5.3 billion—roughly triple the initial Series A valuation of around $1.75 billion. Investors in the extension include repeat backers B Capital, Google, Mercedes-Benz, and PEAK6, plus newcomers AT&T Ventures, John Deere, and Qatar Investment Authority (QIA), reflecting strong inbound interest amid record robotics funding in 2025 totaling nearly $14 billion sector-wide. The capital will fund ramped-up production of Apollo, expanded commercial pilots, state-of-the-art training facilities, and innovation toward a new robot debuting in 2026, positioning Apptronik to address labor shortages with flexible, human-centered robots capable of embodied AI for perceiving and acting in real environments. Apptronik has developed 15 robotic systems, including NASA's Valkyrie, and holds commercial agreements across automotive, logistics, and consumer goods. The raise ranks among the largest in humanoid robotics, comparable to competitor Figure AI's nearly $3 billion total funding, signaling investor confidence in scaling general-purpose humanoids for industrial deployment without major facility changes. Total capital raised since 2016 inception nears $1 billion. |
| Feb 2025 | Series A | B Capital (lead); Capital Factory (lead) | $403M | - | - |
| Feb 2023 | Undisclosed stage | Terex (lead); Scrum Ventures | $14M | $109M | - |
| Jun 2022 | Seed | Grit Ventures; Capital Factory; Perot Jain | $15M | - | Apptronik, an Austin-based robotics company spun out from the University of Texas at Austin's Human Centered Robotics Lab in 2016, develops versatile, mobile robotic systems and humanoid robots designed to work alongside humans in unstructured environments. The company raised $14.6 million in a seed round on June 23, 2022, led by investors including Capital Factory, Grit Ventures, Perot Jain, and other strategic investors. This funding supports fulfilling current customer orders and accelerating commercialization of mass-produced humanoid robots for industries like manufacturing, automotive, supply chain, and defense. At the time, Apptronik had already delivered successful human-centered robots operating inside Fortune 50 enterprises. CEO Jeff Cardenas highlighted the funding's role in addressing labor market challenges and accelerating economic recovery through robotics. The company employed around 52 people in Austin with plans to double the workforce. |
Who has invested in Apptronik?
12 investors have backed Apptronik across its funding rounds, including B Capital, Capital Factory, Scrum Ventures, Alphabet, Qatar Investment Authority and Mercedes-Benz.
Lead investors include B Capital, Alphabet, Mercedes-Benz, Capital Factory and Terex.
Apptronik Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2022 | ||
| 2 | Participant | Feb 2023 | ||
| 2 | Lead | Feb 2025 | ||
| 1 | Lead | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Jun 2022 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Lead | Feb 2023 | ||
| 1 | Participant | Feb 2026 | ||
| 1 | Participant | Feb 2026 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialApptronik Competitors
Apptronik competitors include listed companies like UBtech Robotics and Symbotic, and private ones like Sharpa, Sineva, Physical Intelligence and NEURA Robotics.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | - | - | $3.3B | - | ||
| Private | - | - | $1.8B | - | ||
| Publicly listed | $2.2B | ($35M) | $5.8B | 1.6x | ||
| Private | - | - | $5.6B | - | ||
| Private | - | - | $7B | - |
Apptronik Public Comps
Apptronik is still privately-owned, but its public comps include ADT, Nanchang Sanrui, UBtech Robotics, AutoStore, Novanta, Momenta Global, JBT Corporation, Symbotic, Roborock and MISUMI Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.1B | $2.7B | 2.5x | 2.5x | 4.8x | 4.8x | |||
| $160M | $76M | 32.7x | - | 69.2x | - | |||
| $298M | ($108M) | 16.6x | 9.5x | (45.7x) | (108.4x) | |||
| $541M | $187M | 10.4x | 8.5x | 30.0x | 19.9x | |||
| $981M | $153M | 4.7x | 4.2x | 30.2x | 17.7x | |||
| $360M | ($502M) | 10.5x | - | (7.5x) | - | |||
| $3.8B | $307M | 1.9x | 1.8x | 23.8x | 11.0x | |||
| $2.2B | ($35M) | 2.0x | 1.6x | (128.5x) | 13.3x | |||
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Common questions about Apptronik
| When was Apptronik founded? | Apptronik was founded in 2016. |
| Where is Apptronik headquartered? | Apptronik is headquartered in Austin, TX, United States. |
| Is Apptronik publicly listed? | No, Apptronik is a private, VC-backed company. |
| What is Apptronik's valuation? | Apptronik was last valued at $5.3B in its Series A in February 2026. |
| How much funding has Apptronik raised? | Apptronik has raised $1.3B across 5 funding rounds. |
| What was Apptronik's last funding round? | Apptronik's last funding round was a $520M Series A in February 2026, led by B Capital, Alphabet and Mercedes-Benz. |
| Who are Apptronik's investors? | Apptronik's investors include Capital Factory, Scrum Ventures, B Capital, Mercedes-Benz, Qatar Investment Authority, Grit Ventures, AT&T Ventures, Terex, Deere, Peak 6 and 2 others. |
| Which companies are comparable to Apptronik? | Companies comparable to Apptronik include UBtech Robotics, Sharpa, Sineva, Symbotic, Physical Intelligence and NEURA Robotics. |
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