Humanoid startup Apptronik raises $520 million with backing from Google and Mercedes-Benz

A view of Apollo, the humanoid robot built by Apptronik, Inc. carries a package at Austin, Texas, U.S., October 25, 2023. REUTERS/Evan Garcia

Feb 11 (Reuters) - Humanoid ⁠robotics startup Apptronik raised $520 million in a funding round backed by investors including Google ⁠and Mercedes-Benz, the company said on Wednesday, as it seeks to commercialize ‌its robots for industrial use.

The round valued the Austin, Texas-based company at about $5 billion, a source familiar with the matter said. B Capital and the Qatar Investment Authority also participated in the so-called Series A extension, roughly ​a year after Apptronik raised $415 million.