Latest News

Apptronik raises 350 million dollars to scale up production of humanoid robotics

Apptronik announced on Thursday that it had raised $350m in a funding session led by B Capital, Capital Factory and Alphabet's Google, for the production of AI powered humanoid robotics.

Austin-based company, Apollo Robotics, is developing a humanoid or human-like robot that will be able to perform tasks in manufacturing plants and warehouses, such as moving packages.

Apptronik is joining the ranks of competitors like Tesla and Nvidia's Figure AI, in the race to create human-like robots. Artificial intelligence advances have led to major breakthroughs in robotics.

Tesla CEO Elon Musk stated in October of last year that "a great deal of progress" had been made with the humanoid robot, "Optimus", that could perform daily tasks.

This is a turning point in the industry. In my mind, robotics and artificial intelligence are very similar to the large language models of 2023. In an interview, Jeff Cardenas, CEO and cofounder of Apptronik said that 2025 will be a big year for robotics.

The investment will be used to expand Apollo's capabilities in other industries, including eldercare and healthcare.

Apptronik announced a partnership between Google DeepMind and its robotics team. It also said that it had commercial agreements for its humanoid bots with Mercedes-Benz, GXO Logistics and GXO Logistics. (Reporting from Anna Tong in San Francisco, and Harshita Varghese at Bengaluru. Editing by Tasim Zaid)

(source: Reuters)