Apptronik (APTX) Expands Series A to $935M at ~$5.3B Post-Money Valuation

Apptronik (APTX), a University of Texas spinout developing humanoid robots, expanded its Series A on February 11, 2026, to raise $935 million, valuing the company at approximately $5.3 billion. The round, still labeled early-stage, added $520 million from existing investors Google, Mercedes-Benz, and B Capital, bringing total proceeds to $935 million. The company attributes the increase to strong inbound interest and rising share values, with the current valuation roughly triple its initial Series A price of about $1.75 billion. Apptronik, leveraging partnerships with Google DeepMind, GXO, and Mercedes-Benz, is advancing embodied AI for tasks including warehouse inventory, trailer unload, and machine tending. The humanoid robot, Apollo, has development roots dating to 2013 with NASA’s DARPA Robotics Challenge and continues a long-standing collaboration with NASA.