• Email Facebook Twitter LinkedIn AI-powered robotics companyApptronikannounced Wednesday that it has raised $520 million in an extension of its $415 million Series A raise in February 2025, bringing the total round to over $935 million. • Existing backersB Capital,Google,Mercedes-BenzandPeak6joined new investors includingAT&T Venturesand manufacturing giantJohn Deereparticipating in the extension. • The Austin-based company says that after its initial Series A announcement, it received “substantial inbound investor interest,” which led it to open the new extension of the round “at a 3x multiple of the Series A valuation.” It did not reveal its new valuation. • However, theAustin-American Statesmanreported in November that Apptronikhad reached a valuation of $5 billionafter raising $331 million earlier that month, according toa filingwith theU.S. • Securities and Exchange Commission. • The company confirmed that the $331 million raised is a part of this Series A extension round.
Article Summaries:
- AI-powered robotics company Apptronik announced Wednesday that it has raised $520 million in an extension of its $415 million Series A raise in February 2025, bringing the total round to over $935 million. Existing backers B Capital, Google, Mercedes-Benz and Peak6 joined new investors including AT&T Ventures and manufacturing giant John Deere participating in the extension. The Austin-based company says that after its initial Series A announcement, it received “substantial inbound investor interest,” which led it to open the new extension of the round “at a 3x multiple of the Series A valuati
Sources: