- ARK Invest joins Apptronik in its oversubscribed $400M Series A round. This adds to the initial US$350M raised with participation from technology giants and new investor like Mercedes-Benz, Korea Investment Partners.
- Apptronik is a Texas-based robotics company that develops AI-powered robots for industrial tasks.
- ARK’s involvement bridges crypto with robotics by leveraging its asset tokenisation advocacy and allowing investors access to Apptronik through its ARK Venture Fund or SoFi.
Crypto investment firm ARK Invest participated in a Series A round of funding for Texas-based robots company Apptronik.
On March 18, Apptronik
announced the oversubscription close of its US$403M Series A round. This raised an additional US$53M ($83M AU$83M), in addition to the $350M ($550M AU$550M raised in February.
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Major Investors in the Original US$350M Raised Included Tech Giant Google, Led by California-based B Capital and Texas based Capital Factory. The latest round, however, welcomed new participants. These included high-profile companies such as Mercedes-Benz and Japan Post Capital. RyderVentures, RyderVentures, and a syndicate headed by Korea Investment Partners.
On X, the ARK Venture Fund announced that its investment in Series A now gives investors access Apptronik through SoFi.
Apptronik in Texas is a robotics company that develops AI-powered humanoid machines like Apollo for industrial tasks, such as logistics and manufacturing.
ARK’s involvement builds a bridge between AI and crypto
Although Apptronik isn’t directly related to crypto, ARK’s participation bridges both areas. ARK has been a proponent of asset tokenisation, converting physical and intellectual properties into blockchain-based tokens that allow fractional ownership and enhanced liquidity.
Apptronik’s partnerships, with NVIDIA, and Google’s DeepMind (both active in AI-blockchain fusion), hint at a possible future where AI robots could interact with decentralised network or smart contracts.
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