Funding round
Apptronik Seed
Apptronik, which works in humanoid robot design and manufacturing in Austin, raised $10M in a Seed round announced on 7 Feb 2023, led by Terex Corporation. 1 firm took part. It is Apptronik's second venture round on record; the one before was a Seed in Jun 2022.
$10M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Apptronik did not disclose a valuation in this round. It came 8 months after Apptronik's Seed. It is 1.8% of the $545M Apptronik has raised in the venture rounds on record. Apptronik raised again 36 months later: a Series A round of $520M in Feb 2026, at $5.00B post-money.
Apptronik's funding rounds
Apptronik has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Terex Corporation led the round.
Lead investor
- Terex Corporation
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
35 Seed rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $2.5M, and this round was 4.0 times the median. The closest in time, other companies' Seed rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 26 Jan 2023 | $16M | not disclosed | Lowercarbon Capital |
| Industrial Machinery & Supplies | 1 Mar 2023 | $1.1M | not disclosed | not named |
| Industrial Machinery & Supplies | 9 Dec 2022 | $5.6M | not disclosed | Lowercarbon Capital and GV |
| Industrial Machinery & Supplies | 1 Dec 2022 | $3.0M | not disclosed | not named |
| Industrial Machinery & Supplies | 8 May 2023 | $4.0M | not disclosed | Michigan Capital Network |
| Industrial Machinery & Supplies | 9 May 2023 | $1.5M | not disclosed | Vermont Center for Emerging Technologies and Dudley Fund |
| Industrial Machinery & Supplies | 2 Nov 2022 | $1.3M | not disclosed | Buff Gold Ventures |
| Industrial Machinery & Supplies | 7 Jun 2023 | $6.2M | not disclosed | Energy Revolution Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Apptronik raise in its Seed round?
Apptronik raised $10M in its Seed round, announced in Feb 2023.
Who led Apptronik's Seed round?
Terex Corporation led it.
What was Apptronik's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Industrial Machinery & Supplies?
35 Seed rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $2.5M, and this round was 4.0 times the median.
Did Apptronik raise again after this round?
Yes: a Series A round in Feb 2026 of $520M at $5.00B post-money.