Apptronik, the Austin, Texas, company that builds the Apollo humanoid robot, announced on 11 February 2026 that it had raised $520m in what it called a Series A-X round, an extension of its Series A. The extension took the Series A to more than $935m and the company's total funding to nearly $1bn.
Existing investors including B Capital, Google, Mercedes-Benz and PEAK6 took part, along with new investors AT&T Ventures, John Deere and the Qatar Investment Authority (QIA). The company did not name a lead investor.
Apptronik said it opened the extension at three times the valuation of its initial Series A after continued interest from investors. It did not give a figure. Unite.AI reported that the round valued the company at about $5bn, and Trending Topics put the valuation at more than $5bn.
“Apptronik is setting the standard in embodied AI at scale.”Howard Morgan, Chair and General Partner, B Capital
What Apptronik does
Apptronik was founded in 2016 at the Human Centered Robotics Lab of the University of Texas at Austin. Before Apollo it worked on 15 robots, including NASA's Valkyrie humanoid. The company has nearly 300 employees and is led by co-founder and chief executive Jeff Cardenas.
Apollo is a human-sized robot designed to work alongside people, first in manufacturing and logistics, where it moves components, sorts and kits parts. Apptronik plans to take it into retail, healthcare and eventually homes.
The company has partnerships with Mercedes-Benz, GXO Logistics and Jabil, and works with Google DeepMind on humanoid robots powered by Gemini Robotics models.
What the money is for
Apptronik said the money would be used to increase production of Apollo and expand its commercial and pilot deployments. It also plans to build facilities for training robots and collecting data, and to work on use cases for its retail, manufacturing and logistics customers.
The company said a new robot would be unveiled in 2026. Unite.AI reported that Apptronik also plans to grow its workforce beyond 300, set up a robot training and data collection site in Texas and open an office in California.
"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," Cardenas said.
Built In Austin reported that the extension will also help Apptronik develop the newest version of Apollo, and that the company will use its Series A money to bring the robot to market faster.
The funding so far
Apptronik announced a $350m Series A in February 2025, co-led by B Capital and Capital Factory, with Google participating. The company said at the time that it had raised only $28m before that round. The Series A later grew to $415m, which Apptronik described as oversubscribed, before the $520m extension.
Howard Morgan, chair and general partner of B Capital, said the firm was deepening its support as Apptronik moves into production and real-world deployment. Unite.AI reported that Apptronik competes with other humanoid developers including Tesla, with its Optimus robot, and Figure AI.
Company website: apptronik.com