Apptronik, a robotics developer, raised $350 million in Series A funding to accelerate the production of its artificial intelligence-powered robots. The company, which has partnered with NASA and NVIDIA, aims to create robots comparable to Tesla's Optimus, eventually selling them at a price similar to a car. The funding will allow Apptronik to expand its development efforts into areas like manufacturing and healthcare.
Tesla robotics rival Apptronik announced a $350 million Series A funding round, including participation from Google. CEO Jeff Cardenas said the funding will help the company scale its artificial intelligence robotics development, aiming to eventually sell robots for the price of a car.
Apptronik has partnered with NASA and NVIDIA as it works on iterations of robots that rival those of Elon Musk's Tesla Optimus.robotics development rival Apptronik announced a $350 million Series A funding round Thursday morning to scale the production of artificial intelligence-poweredApptronik, a Texas-based robotics developer founded in 2016, previously raised $28 million and is currently working on deploying what the company calls a "groundbreaking" humanoid robot designed for industrial work named Apollo. Jeff Cardenas, Apptronik Apollo and Yemi A.D. at the Featured Session: Robotic Renaissance: The Dawn of Humanoid Innovation as part of SXSW 2024 Conference and Festivals held at the Hilton Austin on March 14, 2024 in Austin, Texas. ("What's happening in robotics is robots, with the power of AI, are becoming much more versatile," Cardenas said. "Now we're getting these robots out into the world in a pretty big way and scaling them up and going from industry and into the home in the future." The new funding will allow the company to scale its robot development to potentially address applications like manufacturing and healthcare. The robots will be trained separately from humans on repetitive tasks, Cardenas said, before they begin integrating into human life.Crypto scams likely hit a new record in 2024, driven by 'pig butchering' and AI, says Chainalysisas it works on iterations of robots that rival those of Elon Musk's Tesla. The company has developed 15 robotic systems, including NASA's humanoid robot "The target price is for these robots to be less than the price of a car, so we've been working over the years, we're on our ninth iteration of human robot," Cardenas said. "These robots are going to get much more affordable over time." The company is also working with Google DeepMind to work on developing the AI driving the robotics technology. The Tesla Bot humanoid robot of Tesla ''Optimus'' is displayed at the 2023 World Artificial Intelligence Conference in Shanghai, China, July 6, 2023."I think we're right there in the race," Cardenas said. "I think what this round represents is that our investors are really backing us and think that we have a real shot at winning this race."
AI ROBOTICS TESLA OPTIMUS APPTRONIC SERIES A FUNDING HUMANOID ROBOTS
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