ARK Invest has joined a major Series A funding round for Apptronik, a Texas-based firm creating humanoid robots.
Successful Fundraising for Apptronik
On March 18, Apptronik announced the successful close of an oversubscribed $403M Series A funding round, including an additional $53 million to the previously disclosed $350 million in February.
Investors and Participants
California-based B Capital and Texas-based Capital Factory led the original $350 million raise, with participation from tech giant Google. The latest raise introduced new investors such as Mercedes-Benz, Japan Post Capital, and RyderVentures.
The Future of Apptronik and ARK Invest
Founded in 2016, Apptronik develops robots with integrated AI technology. ARK Invest also supports other AI platforms like OpenAI and Anthropic.
ARK Invest's participation in Apptronik's funding highlights the significance of new waves in robotics and artificial intelligence worldwide.
