- ARK Invest joins Apptronik’s oversubscribed $403M Series A round, adding to an initial US$350M raise with participation from tech giants and new investors like Mercedes-Benz and Korea Investment Partners.
- Apptronik, a Texas-based robotics firm, develops AI-powered humanoid robots for industrial tasks.
- ARK’s involvement bridges crypto and robotics, leveraging its asset tokenisation advocacy and providing investor access to Apptronik via its ARK Venture Fund and SoFi.
Crypto-friendly investment firm ARK Invest joined a Series A funding round for Texas-based robotics company Apptronik.
On March 18, Apptronik announced the oversubscribed close of its US$403M (AU$633M) Series A round, which raised an additional US$53M (AU$83M) in addition to the $350M (AU$550M) raised in February.
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Major investors in the original US$350M raise included tech giant Google, led by California-based B Capital and Texas-based Capital Factory. Yet, the latest round welcomed new participants, with high-profile companies like Mercedes-Benz, Japan Post Capital, RyderVentures and a syndicate led by Korea Investment Partners.
The ARK Venture Fund shared on X that its investment in the Series A round now gives investors access to Apptronik via SoFi.
Apptronik is a Texas-based robotics company developing AI-powered humanoid robots like Apollo, designed for industrial tasks such as logistics and manufacturing.
ARK’s Involvement Builds Bridge Between AI and Crypto
While Apptronik itself isn’t directly linked to crypto, ARK’s participation bridges the two areas. That’s because ARK has long advocated for asset tokenisation —converting physical and intellectual property into blockchain-based tokens to enable fractional ownership and enhanced liquidity.
Moreover, Apptronik’s partnerships with NVIDIA and Google’s DeepMind, both active in AI-blockchain integration, hint at a future where AI-driven robots might interact with decentralised networks or smart contracts.
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