Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
11 Food Scraps You Should Never Toss (and How to Use Them to Stretch Your Grocery Budget)

11 Food Scraps You Should Never Toss (and How to Use Them to Stretch Your Grocery Budget)

July 22, 2026
Monday.com plans 20% layoffs citing an ‘AI-driven growth strategy.’ Read the co-CEO’s note.

Monday.com plans 20% layoffs citing an ‘AI-driven growth strategy.’ Read the co-CEO’s note.

July 22, 2026
‘Gemini who?’: Rivals dunk on Google’s delayed frontier AI

‘Gemini who?’: Rivals dunk on Google’s delayed frontier AI

July 22, 2026
15 States Where Home Insurance Tops Property Taxes. Is Yours on the List?

15 States Where Home Insurance Tops Property Taxes. Is Yours on the List?

July 22, 2026
Mastercard’s Jill Kramer says AI can be an engine of human creativity and insight

Mastercard’s Jill Kramer says AI can be an engine of human creativity and insight

July 22, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
July 22, 2026 2:28 pm EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles
Fin Street NewsFin Street News
Home ยป This $5.5 billion robotics startup built a school for humanoids
This .5 billion robotics startup built a school for humanoids
Finance

This $5.5 billion robotics startup built a school for humanoids

News RoomBy News RoomJune 30, 20264 ViewsNo Comments

Before the robots go to work, they have to go to school.

Apptronik, a Texas-based humanoid startup that counts Google and Mercedes among its investors, has opened a “Robot Park” in Austin. At the nearly 90,000-square-foot warehouse, its Apollo robots practice tasks like loading boxes onto conveyor belts and sorting toys into bins.

Most of the time, the robots are controlled remotely. The facility runs seven days a week, with Apollo robots practicing tasks as operators stand beside them, guiding and monitoring their movements. The data from those sessions is used to improve the AI models that act as the robots’ “brains,” with the goal of making humanoids useful in factories, service jobs, and homes.

“Just like you have a factory to build robots, we have a data factory to generate the kind of data we need,” said Jeff Cardenas, Apptronik’s cofounder and CEO. “This is a robot learning playground.”

One of the biggest challenges in building autonomous robots is the shortage of real-world training data. AI chatbots were trained on vast amounts of text and images from the internet, but no comparable trove exists for robots. Robot Park is Apptronik’s attempt to generate that data.

Elon Musk is pursuing a similar approach. He has talked about putting Tesla’s Optimus robots in an “Optimus Academy,” where they can test different tasks and kick off a data flywheel.

Apptronik spun out of the Human-Centered Robotics Laboratory at the University of Texas in 2016 to commercialize technology developed during the DARPA Robotics Challenge, a US military competition to build robots that could operate in disaster zones. The company initially built robot parts for other companies, but Cardenas said the goal was always to create a general-purpose humanoid robot.

The startup has raised about $1 billion and is valued at more than $5.5 billion. One of its investors, Mercedes, uses Apollo robots in its factories for simple tasks such as gathering components and tools for assembly-line jobs. DeepMind, Google’s AI research division, also uses Apollo robots to improve Gemini Robotics, Google’s AI models for robotics.

Apptronik released the first version of Apollo in 2023. It is now working with Apollo 2, which Cardenas said has an upgraded battery, motors, and sensors. The robot is designed for data collection and customer pilots. It can run for four hours, stands about 6 feet tall, and can lift 55 pounds with both hands.

Apollo 3, the version Apptronik plans to sell to customers for commercial work, is in development. Cardenas declined to say when it will be ready.

Cardenas sees the humanoid market developing in three phases: first proving the technology works, then proving customers will pay for it, and finally scaling it into a profitable business. He said the industry is entering the second stage.

“Humanoids are the personal computer of our time, and if you believe that’s true, we’re in the early ’80s,” Cardenas said. “We’re in the word-processing, spreadsheet phase of the game.”

The humanoid race is starting to move from lab demos into early commercial tests. San Jose-based Figure AI, most recently valued at $39 billion, is beginning deployments in logistics and distribution centers. 1X, headquartered in Palo Alto, plans to ship more than 10,000 humanoids to homes later this year.

Oregon-based Agility Robotics is further along. The company plans to go public soon, and Digit, its humanoid robot, is deployed across nine customer facilities, including Amazon, Toyota, and logistics company GXO.

Unlike most humanoid companies that are only building walking robots, Apptronik has both legged and wheeled versions of Apollo. Cardenas sees the biggest long-term potential in legged humanoids because they could eventually do anything a human can physically do. But he expects wheeled robots to be deployed sooner because they are safer. Legged robots have to support heavy batteries in their torsos, which consumes more power and creates safety risks if they fall.

Apptronik has other Robot Parks at customer sites across the world. Cardenas said more are coming.

“The dream is to have Robot Parks all over the world, and actually make them open to the public, so people can see how the future is being built,” he said.



Read the full article here

billion built humanoids Robotics school startup
Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Monday.com plans 20% layoffs citing an ‘AI-driven growth strategy.’ Read the co-CEO’s note.

Monday.com plans 20% layoffs citing an ‘AI-driven growth strategy.’ Read the co-CEO’s note.

Mastercard’s Jill Kramer says AI can be an engine of human creativity and insight

Mastercard’s Jill Kramer says AI can be an engine of human creativity and insight

I homeschool my kids, so I’m blurring the lines between mother and teacher. I’m worried they’re now too dependent on me.

I homeschool my kids, so I’m blurring the lines between mother and teacher. I’m worried they’re now too dependent on me.

I moved to Portugal last year. My life has improved in many ways, but finding work has been a challenge.

I moved to Portugal last year. My life has improved in many ways, but finding work has been a challenge.

Becoming a millionaire at 25 didn’t make me happy. Now, I invest in the health and happiness of my employees and myself.

Becoming a millionaire at 25 didn’t make me happy. Now, I invest in the health and happiness of my employees and myself.

OpenAI is launching new corporate software that takes it beyond the AI model war

OpenAI is launching new corporate software that takes it beyond the AI model war

Tony Hawk says movement keeps you young, whether it’s chasing your grandkid, dancing, or yes, doing ollies

Tony Hawk says movement keeps you young, whether it’s chasing your grandkid, dancing, or yes, doing ollies

I left Google after 10 years without another job lined up. An 8-month career break gave me the reset I needed.

I left Google after 10 years without another job lined up. An 8-month career break gave me the reset I needed.

This 16-year-old built an autonomous AI-powered robot turtle that finds microplastics in water

This 16-year-old built an autonomous AI-powered robot turtle that finds microplastics in water

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Monday.com plans 20% layoffs citing an ‘AI-driven growth strategy.’ Read the co-CEO’s note.

Monday.com plans 20% layoffs citing an ‘AI-driven growth strategy.’ Read the co-CEO’s note.

July 22, 2026
‘Gemini who?’: Rivals dunk on Google’s delayed frontier AI

‘Gemini who?’: Rivals dunk on Google’s delayed frontier AI

July 22, 2026
15 States Where Home Insurance Tops Property Taxes. Is Yours on the List?

15 States Where Home Insurance Tops Property Taxes. Is Yours on the List?

July 22, 2026
Mastercard’s Jill Kramer says AI can be an engine of human creativity and insight

Mastercard’s Jill Kramer says AI can be an engine of human creativity and insight

July 22, 2026
After its first naval drone strike, the US is now teaming up with the maker of Ukraine’s battle-tested Maguras to build out its fleet

After its first naval drone strike, the US is now teaming up with the maker of Ukraine’s battle-tested Maguras to build out its fleet

July 22, 2026

Latest News

I homeschool my kids, so I’m blurring the lines between mother and teacher. I’m worried they’re now too dependent on me.

I homeschool my kids, so I’m blurring the lines between mother and teacher. I’m worried they’re now too dependent on me.

July 22, 2026
I swapped places with my sister to care for our aging parents during her well-earned vacation. I made a rookie mistake.

I swapped places with my sister to care for our aging parents during her well-earned vacation. I made a rookie mistake.

July 22, 2026
Cathie Wood calls SpaceX ‘most important company’ amid stock pullback

Cathie Wood calls SpaceX ‘most important company’ amid stock pullback

July 22, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.