TechCrunch Startup News Humanoid robot startup Apptronik has now raised $935M at a $5B+ valuation
Feb 11, 2026
Massive new funding round for a humanoid robotics company and how investors like Google and Mercedes-Benz joined the spree. A surprising post-money valuation above $5 billion and why the round is still called Series A. Deep dives into costly bipedal development, comparisons to rivals, and partnerships with NASA and major tech firms.
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Surging Investor Demand For Humanoid Robotics
- Apptronik reopened its Series A and raised a total of $935 million, signaling huge investor demand for humanoid robotics.
- Investors paid progressively higher prices across extensions, valuing the company at about $5.3 billion post-money.
Extensions Can Reprice A Round Substantially
- Apptronik sold additional shares at higher prices across extensions rather than calling it a new round.
- The company retained an "early-stage" label despite the valuation tripling from its initial Series A.
Inbound Interest Drives Opportunistic Raises
- Apptronik wasn't actively fundraising but handled inbound interest and chose to accept more capital.
- Raising another $520 million at a higher valuation is hard to refuse for capital-intensive robotics work.