Apptronik raises $520M to scale Apollo humanoid production

Apptronik raised a $520M Series A-X extension on February 11, 2026, bringing its total Series A financing to more than $935M and total capital raised to nearly $1B.

The Austin-based company builds Apollo, a general-purpose humanoid robot designed for warehouse and manufacturing work. Apptronik says the new capital will support Apollo production, expand its commercial and pilot deployment network, and fund facilities for robot training and data collection. The round included repeat investors B Capital, Google, Mercedes-Benz, and PEAK6, with new participation from AT&T Ventures, John Deere, Qatar Investment Authority, and others.

Apptronik had already raised an initial Series A in 2025, and the February extension takes the round into a different scale category. Reuters reported the extension at a roughly $5B valuation, with Apptronik planning to increase Apollo production, grow its workforce beyond 300 people, and establish new facilities in Austin and California.

Apptronik was founded in 2016 out of the University of Texas robotics ecosystem and has a longer humanoid history than many companies now entering the category. Apollo developed from earlier work on exoskeletons, upper-body humanoids, bipedal mobility platforms, and NASA-linked systems, including experience around Valkyrie. The company positions Apollo as a humanoid for environments already built around people, especially logistics and manufacturing sites where repetitive movement, material handling, inspection, and line-side support remain labor-intensive.

Apptronik has commercial agreements or deployment work with Mercedes-Benz, GXO Logistics, and Jabil, giving Apollo exposure to automotive manufacturing, warehouse operations, and contract manufacturing environments. Mercedes-Benz is testing Apollo robots for tasks such as moving components and quality checks at its Digital Factory Campus in Berlin and in Kecskemét, Hungary, with plans to expand testing to more sites. Jabil has also worked with Apptronik to test Apollo for inspection, sorting, line-side delivery, and fixture placement, with the possibility of producing the robots if the tests progress.

There is a separate strategic tie-up with Google DeepMind to connect Apollo with Gemini Robotics models, and Reuters reported that the collaboration uses real-world data from deployments to improve the models. That places Apptronik in the same structural pattern now appearing across humanoids and physical AI, where the robot company needs industrial sites for data and task definition, while the model company needs hardware connected to real workflows.

Apollo is still early relative to the scale implied by the financing. The disclosed activity points to commercial agreements, pilots, testing sites, and production expansion rather than broad humanoid deployment across factories and warehouses. The capital gives Apptronik more room to build units, collect data, and support customer programs, but the operating proof remains task-level reliability in repeatable industrial workflows.

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