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Austin-based humanoid robotics company building Apollo robot with Google DeepMind AI. $935M Series A at $5B valuation. Founded at UT Austin.
Apptronik is an Austin, Texas-based humanoid robotics company that grew out of the Human Centered Robotics Lab at the University of Texas at Austin, where its founders spent years researching advanced robotic systems for NASA and DARPA applications. The company was founded with the mission of building general-purpose humanoid robots capable of performing useful physical work alongside humans in real-world environments. Apptronik's Apollo robot is designed to be dexterous, safe to operate near people, and capable of performing a wide range of manipulation and mobility tasks in warehouses, manufacturing facilities, and logistics environments.\n\nApptronik's Apollo robot stands 5'8" and weighs 160 pounds, with a design optimized for upright bipedal locomotion and upper-body manipulation in spaces built for human workers. The company has partnered with Google DeepMind to integrate advanced AI and motion learning models into Apollo, combining Apptronik's hardware expertise with DeepMind's leadership in robot learning and reinforcement learning for physical systems. This partnership gives Apollo access to some of the world's most sophisticated robot AI development, allowing the hardware and intelligence layers to co-develop toward general-purpose manipulation capability. Early commercial pilots are focused on automotive manufacturing and logistics tasks where labor demand exceeds available workforce.\n\nApptronik closed a $935 million Series A at a $5 billion valuation — one of the largest Series A rounds ever raised — reflecting the intensity of investor conviction in humanoid robotics as the next major computing platform. The scale of capital raised gives Apptronik the runway to complete hardware productization, scale manufacturing, and build the robot learning dataset needed for broad commercial deployment. Competing with Figure AI, Physical Intelligence, and 1X Technologies, Apptronik's UT Austin research heritage, Google DeepMind AI partnership, and deep robotics pedigree distinguish it as a technically credible and well-resourced contender in the humanoid robotics race.
2024 Revenue: KRW 175.2T (+7.7% YoY) | Operating Profit: KRW 14.2T (-5.9%) | Vehicle Sales: 4.14M units (-1.8%) | Q4 2024: Revenue KRW 46.62T (+11.9%), Op Profit KRW 2.82T (-17.2%) | Electrified Vehicles: 757k units (+8.9%, 21.8% of sales) | US Market: 988k units (+9%) | 2025 guidance: 3-4% revenue growth, 7-8% op margin
Hyundai Motor Company was founded in 1967 in Seoul, South Korea, by Chung Ju-yung and has grown into one of the world's largest automotive manufacturers, ranking third globally by vehicle sales. From its origins as a budget-focused automaker producing affordable, practical vehicles for emerging markets, Hyundai has transformed over the past two decades into a technology-forward brand competing directly with European and Japanese premium manufacturers. Its mission centers on delivering smart mobility solutions for a sustainable future.\n\nHyundai's product lineup spans mass-market sedans, SUVs, and commercial vehicles, alongside its premium Genesis brand and the Ioniq dedicated EV lineup. The Ioniq 5, Ioniq 6, and Ioniq 7 have emerged as critically acclaimed electric vehicles, with the Ioniq 5 winning the World Car of the Year award. Hyundai is also investing heavily in hydrogen fuel cell technology, autonomous driving, and robotics through subsidiaries including Boston Dynamics. Its vehicles are sold in over 200 countries through a network of more than 6,000 dealerships.\n\nHyundai reported revenue of KRW 175.2 trillion in 2024, a 7.7% year-over-year increase, with Q4 2024 revenue of KRW 46.62T (+11.9%). The company sold 4.14M vehicles globally in 2024. With major EV manufacturing investments underway in the United States (Metaplant America in Georgia), Hyundai is positioning itself to be a top-three EV manufacturer globally by 2030, backed by robust R&D spending and a vertically integrated battery and platform strategy.
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