Apptronik, a Texas-based robotics developer, has raised $350 million in Series A funding to accelerate the development and production of its artificial intelligence-powered robots. The company aims to make its robots accessible and affordable, competing with the likes of Tesla's Optimus.
Apptronik , a Texas-based robotics developer founded in 2016, announced a $350 million Series A funding round on Thursday. The funding, which includes participation from Google , will be used to scale the production of its artificial intelligence-powered robots. Apptronik is aiming to make its robots affordable enough to rival the price of a car. The company has already partnered with NASA and NVIDIA as it develops robots that compete with Elon Musk's Tesla Optimus .
Apptronik CEO Jeff Cardenas said the new funding will allow the company to expand its development efforts into areas like manufacturing and healthcare. The robots will be trained separately from humans on repetitive tasks before being integrated into human environments. '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.' Apptronik has already developed 15 robotic systems, including NASA's humanoid robot. The company is currently working on its ninth iteration of a humanoid robot named Apollo, designed for industrial work. Cardenas says the target price for these robots is less than the price of a car. The company believes it is in a strong position to compete in the rapidly developing field of AI robotics
AI Robotics Apptronik Funding Tesla Optimus Google
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