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The Robot Report
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Apptronik brings in another $53 million to fuel Apollo production
- Apptronik raised an additional $53 million in its Series A funding round, bringing the total funding to $403 million.
- The funding will support the production and deployment of Apollo, an AI-powered humanoid robot, in various industries like automotive, logistics, and consumer goods.
- Apptronik's partnerships with Mercedes-Benz and GXO Logistics involve real-world testing of Apollo in applications.
- The company aims to advance humanoid robots as collaborators in different sectors, expanding from logistics and manufacturing to healthcare and elder care.
- The recent investments have propelled Apptronik's evolution, including partnerships with Google DeepMind and Jabil.
- Apptronik has raised a total of $431 million since its establishment in 2016, with backing from B Capital, Google, Mercedes-Benz, and other major investors.
- The surge in funding for humanoid robotics companies is evident, with large investments in companies like Figure AI and Agility Robotics.
- Humanoids will be a key focus at the upcoming Robotics Summit & Expo, showcasing the latest innovations and trends in the industry.
- The event will feature leading experts discussing advancements in humanoid robotics, safety standards, and future deployments.
- The Robotics Summit & Expo will provide valuable insights for developers and industry professionals, with a wide range of topics and networking opportunities.
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