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

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 commercialise 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.