Humanoid Robotics Startup Apptronik's Valuation Climbs to $5B

Humanoid robots for the price of a car? Sounds like a pretty good deal.

Austin-based Apptronik is betting that Apollo, its flagship humanoid robot, can become the next "hire" for warehouses and factories:

• Stands 6ft tall.
• Can lift up to 55lbs.
• Works 22 hours/day, 7 days/week.

Backed by Google and Mercedes. Powered by Gemini 2.0. These robots look to revolutionize the American workforce. Their sights are firmly set on packaging and logistics. But it's only a matter of time before they start showing up in other industries.

For Austin founders, that $5B valuation is a loud signal: serious money is flowing into deep tech and robotics here.