Humanoid Robotics Funding Tracker (158 deals)

Our funding tracker covering the humanoid robotics market

Below is the table listing all the deals. You may find our methodology at the end of this page.

And, if you want to gain a deeper understanding of the market and its current dynamics, get our humanoid robotics market report.

Is humanoid robotics actually a well-funded market right now?

Humanoid robotics is well funded today, but most startups are operating in a much smaller capital market than the roughly $10.08 billion headline suggests.

We tracked 158 financings across 84 companies from the beginning of 2024 through the end of our research window. Among the 133 rounds where we could establish a usable amount, the median was $28 million and the average was $75.8 million.

A typical disclosed round sits in the tens of millions, while a relatively small group of nine-figure and billion-dollar financings pulls the average sharply higher. A few nine-figure rounds pull the average up, and we track where those biggest rounds are going in our report on humanoid robots.

Remove the largest deals and the picture changes fast. Rounds of $50 million or less account for only about $1.52 billion of recorded capital. Roughly 85% of the money therefore came through larger financings.

For anyone reading the billion-dollar funding announcements and assuming that capital is abundant across the whole sector, that is the first misconception to clear up.

Market measure	Result
Deals	158
Unique companies	84
Deals with usable amounts	133
Recorded capital	≈$10.08B+
Median known round	$28.0M
Average known round	$75.8M
Average / median	2.71x
Capital from rounds ≤$50M	≈$1.52B
Capital from rounds ≤$100M	≈$2.47B

How many humanoid robotics companies are investors really funding?

The humanoid robotics funding boom currently comes down to 84 companies, and serious capital is concentrated among the minority that manage to raise repeatedly.

Forty-nine companies appear only once in our research window. Eighteen raised twice, while 17 appear at least three times.

The repeat raisers are where the money piles up. Those 35 companies captured about $8.60 billion, compared with roughly $1.48 billion for the 49 companies that appear only once.

Repeat raisers represent 41.7% of the companies but roughly 85% of recorded capital.

There is plenty of startup formation in humanoid robotics. Getting funded once is much more common than becoming one of the companies investors keep funding.

Is most humanoid robotics funding going to a few companies?

Yes. Humanoid robotics funding is heavily concentrated today, with the ten best-funded companies accounting for about 69% of all recorded capital.

Figure AI sits at the top with at least $1.675 billion across two financings in our window, or 16.6% of the whole market. Galbot follows at roughly $981.5 million, while Apptronik reaches $923 million across the individually identifiable transactions we counted.

The concentration continues well beyond those three. X Square Robot, ROBOTERA, Galaxea AI and Spirit AI each accumulated more than half a billion dollars or close to it.

Company concentration is actually more striking than deal concentration. The ten largest individual rounds represent 44.2% of recorded capital, while the ten best-funded companies reach 69.3%. Investors are repeatedly adding capital to the same group of companies.

Figure attracts the biggest single company share, although the funding boom would still be very large without it. Apptronik, Galbot, X Square Robot and several Chinese competitors have already built substantial capital bases of their own.

Company	Financings	Recorded capital
Figure AI	2	$1.675B+
Galbot	5	$981.5M
Apptronik	3	$923M
X Square Robot	5	$630M
ROBOTERA	6	$610.1M
Galaxea AI	5	$545.4M
Spirit AI	5	$510.3M+
TARS Robotics	1	$455M
EngineAI	3	$368.5M
Linkerbot	5	$284.6M+

What does a typical humanoid robotics funding round look like today?

A typical disclosed humanoid robotics round is around $28 million today, and most rounds still come in below $50 million.

Among the 133 financings where we could establish an amount, 21 were below $5 million, 39 landed between $5 million and $20 million, and another 30 were between $20 million and $50 million.

That puts about two-thirds of known rounds below $50 million.

The unusual part sits at the top. Thirty-two financings reached at least $100 million. They represent around one-quarter of the rounds with known amounts yet absorb 77.5% of the capital.

A founder raising $10 million, $20 million or $30 million is therefore operating close to the middle of this market. The billion-dollar headlines are real, but they describe the upper end rather than the ordinary fundraising experience.

Which parts of humanoid robotics get the biggest checks?

General-purpose humanoid companies are getting the biggest checks by a wide margin, with roughly $6.57 billion flowing into that category alone.

We counted 77 financings for General Purpose Humanoids, representing 48.7% of all deals. Those companies absorbed 65.1% of the capital.

Humanoid AI Platforms come next at roughly $1.45 billion. Industrial Labor Robots received about $916 million, although Apptronik's $520 million financing accounts for more than half of that category. Big checks are going to AI platforms and industrial labor robots, and we weigh where the biggest opportunities sit in our report covering humanoid robots.

Actuation Component Suppliers offer almost the reverse profile. We counted 24 deals, enough for 15.2% of all activity, yet the category took only 6.5% of the capital.

Consumer Home Robots remain smaller again at roughly $477 million, while Logistics Work Robots barely register in the current dataset.

Investors are clearly willing to fund the full-stack humanoid companies much more aggressively than the narrower hardware and application layers.

Category	Deals	Companies	Recorded capital	Capital share
General Purpose Humanoids	77	38	$6.565B	65.1%
Humanoid AI Platforms	21	13	$1.446B	14.3%
Industrial Labor Robots	18	12	$915.7M	9.1%
Actuation Component Suppliers	24	14	$655.6M	6.5%
Consumer Home Robots	15	12	$476.7M	4.7%
Logistics Work Robots	3	3	$23.5M	0.2%

Why do general-purpose humanoid startups need such huge rounds?

General-purpose humanoid startups are raising huge rounds because scaling one of these companies means funding AI, physical robots, factories, compute, data collection and customer deployments at the same time.

Figure AI gave a useful breakdown when it announced more than $1 billion of committed Series C capital. The company linked the financing to expansion of its BotQ manufacturing operation, additional GPU infrastructure, Helix development, real-world deployments and larger physical-data collection programs.

Apptronik shows a similar pattern. Its Series A eventually grew beyond $935 million after a $520 million extension, with the company saying the money would support production and deployment of Apollo.

These companies have a far heavier spending stack than a software startup. Mechanical systems need to be designed and manufactured, supply chains have to be built, robots need to survive thousands of hours in real environments, and the AI side still requires expensive model training and data.

Recent commercial activity makes those costs less theoretical. BMW reported that Figure 02 took part in production associated with more than 30,000 BMW X3 vehicles during its Spartanburg pilot, moved more than 90,000 components and accumulated roughly 1,250 operating hours.

Once humanoid companies reach that stage, a large round can finance several businesses at once: robotics R&D, AI research, manufacturing infrastructure and a growing deployment operation.

How young are humanoid robotics startups when big money arrives?

Big humanoid robotics rounds are arriving unusually early, with the median company in our financing research only two years old when it raises.

Seed financings happen at a median company age of one year. Series A moves to two years, and Series B to three.

Even the very large rounds are going to young businesses. Companies raising more than $50 million have a median age of only 2.5 years.

The newer AI-focused companies move especially fast. Humanoid AI Platforms have a median company age of roughly one year despite attracting about $1.45 billion across the category.

The founding-year mix makes the same point from another angle. Of the 158 financing observations, 125 involve companies founded from 2023 onward.

Investors are committing industrial-scale sums long before most of these companies have anything resembling a traditional mature-company history.

Where does humanoid robotics fundraising get difficult?

The hard part in humanoid robotics fundraising starts after Series A, where the number of classified rounds drops from 42 Series A financings to just 14 Series B rounds.

The early ladder is relatively broad. We counted 57 Seed rounds and 42 Series A rounds.

Series B changes the economics. The median check jumps from $28 million at Series A to $149 million at Series B, while the number of financings falls by two-thirds. With Series B financings down by two-thirds, few companies get through; we weigh who the likely future winners are in our humanoid robots report.

Only one conventional Series C and one Series D+ appear after that.

We should be careful with the exact stage labels because 41 financings are classified as Unknown. Chinese announcements frequently use Pre-A, A+, A++, Pre-B and other labels that do not map cleanly onto a standard Seed/A/B/C ladder.

Even with that noise, the drop after Series A is hard to miss. Reaching the next rung increasingly means convincing somebody to write a nine-figure check.

Stage	Deals	Companies	Recorded capital	Median known round
Seed	57	48	$957.7M	$13.9M
Series A	42	29	$2.375B	$28M
Series B	14	12	$2.747B	$149M
Series C	1	1	$1.0B+	$1.0B+
Series D+	1	1	Not disclosed	-
Growth Equity	2	2	$355M	$177.5M
Unknown	41	30	$2.648B	$29M

Why are there almost no humanoid robotics Series C rounds?

Humanoid robotics barely has a conventional Series C market yet because most funded companies are still very young and some are already raising late-stage-sized money under earlier labels.

Figure AI is the only conventional Series C in our research window. One Series D+ also appears.

That scarcity fits the age of the companies. A sector dominated by businesses founded in 2023, 2024 and 2025 simply has not had enough time to produce a deep population of traditional Series C and Series D companies.

Round labels also become less useful than usual here. Apptronik's Series A exceeded $935 million once all of its closes and extension were included. Several Chinese companies have similarly raised substantial amounts through A+, Pre-B and other non-standard sequences.

For now, humanoid robotics has plenty of scale capital without having a normal late-stage funding ladder. Those are two different things, and the current market makes the distinction unusually obvious.

Are investors still backing new humanoid robotics startups?

Investors are still backing new humanoid robotics startups, although first financings account for only a small fraction of the money moving through the market.

We identified 26 deals as first financings, equal to 16.5% of all transactions. Those rounds represent about $378 million.

Follow-on financings account for 131 deals and approximately $9.70 billion.

Check size moves up as well. The median first financing is $13.4 million, compared with $29 million for follow-ons.

New companies are still getting their first shot. The really large capital pools open up after a company has already convinced investors once.

Does corporate money really matter in humanoid robotics?

Corporate and strategic investors matter a lot in humanoid robotics today: 47.5% of the deals we tracked include at least one named strategic investor.

Those rounds are also much larger. The median financing with a named strategic investor is $51.5 million, compared with $14 million when no strategic investor is named.

We would not treat that gap as a clean causal relationship. Larger and more advanced companies naturally attract industrial partners.

The commercial logic is still unusually strong. Google has invested in Apptronik while Google DeepMind works with the company on robotics AI. Mercedes-Benz has invested in Apptronik and tested Apollo in manufacturing. Figure's investor base has included companies and investment arms connected to semiconductors, cloud infrastructure and industrial deployment.

Strategic investors can offer something particularly valuable in this market: somewhere for the robots to work. A factory, warehouse, logistics network or physical-data environment can shorten the path from a lab prototype to a real deployment.

That makes corporate participation more useful here than a logo on the cap table.

Which investors keep coming back to humanoid robotics?

Humanoid robotics has surprisingly few repeat lead investors, even though the same companies raise money again and again.

We could identify a lead investor in 106 deals. Across those financings, 139 different lead names appear because many rounds have several co-leads.

Only 11 lead investors show up more than once. Few lead investors come back for a second deal; we look at which investors are making the biggest bets in our report on humanoid robots.

Ant Group appears most often, leading or co-leading four financings. Huakong Fund, Shenzhen Capital Group and Matrix Partners China appear three times each.

Other investors recur less often but sit behind much larger rounds. B Capital appears on two financings with a combined round size of $870 million. HongShan's two relevant rounds total $745 million, while GL Ventures appears across rounds totaling about $483 million.

The company side of the market is highly concentrated, while the lead-investor side remains much more fragmented. There is no tiny group of venture firms underwriting everything.

Why does China have so many humanoid robotics deals while U.S. rounds are bigger?

China currently provides most of the breadth in humanoid robotics funding, while U.S. companies receive much larger checks relative to their deal count.

China accounts for 126 financings across 59 companies in our research, with approximately $6.77 billion of recorded capital.

The United States has only 16 deals across 12 companies yet reaches roughly $2.91 billion.

China therefore represents about 80% of all deals and roughly two-thirds of the money. The United States represents only around 10% of deals but close to 29% of the capital.

Chinese industrial policy helps explain why so many companies can exist across the stack. Government guidance has explicitly targeted humanoid "brains," control systems, limbs, core components, complete robots, manufacturing capacity and deployment scenarios. Beijing has also supported embodied-intelligence datasets, testing infrastructure and production capacity.

The funding map follows that structure closely. China has financed full humanoid makers such as Galbot, ROBOTERA, X Square Robot and EngineAI, alongside component specialists such as Linkerbot and a large population of embodied-AI companies.

The U.S. market is much narrower and currently more top-heavy, largely because Figure AI and Apptronik have been able to raise checks that would be exceptional even by late-stage software standards.

Is humanoid robotics funding steady, or does it come in bursts?

Humanoid robotics funding comes in bursts, and some bursts are driven by one giant round while others involve several companies raising at once.

Leaving the incomplete final month of the research window aside, the market averaged 4.84 deals per month, with a median of 4.5.

September 2025 was the busiest month by count, with 11 financings. Recorded capital reached about $1.20 billion, although Figure AI accounted for roughly 83% of that amount. One month dominated by a single company swings the totals, so we follow how much went in, quarter by quarter, in our humanoid robotics market report.

April 2026 looked very different. Ten deals generated about $1.86 billion, and no single round dominated the month. TARS Robotics raised $455 million, Galaxea AI roughly $291 million, X Square Robot $290 million, EngineAI $200 million, ROBOTERA $200 million, Booster $150 million, Spirit AI $145 million and Holiday Robotics $102 million.

The April cluster is probably the better picture of a genuine funding wave. Several companies across the market suddenly found access to very large checks at the same time.

Deal activity and capital therefore move on different rhythms. A busy month can still be financially ordinary, while one or two giant rounds can make a quiet month look enormous.

What is still missing from humanoid robotics funding today?

A deep late-stage market is still missing from humanoid robotics funding today, along with evidence that most early winners can keep moving up the ladder.

The shortage of conventional Series C and Series D activity is the clearest gap.

Some individual categories look even thinner. Industrial Labor Robots has nine Seed and eight Series A financings but no classified Series B-or-later round. Apptronik's enormous Series A gives the category plenty of capital without creating a broad population of mature companies.

Logistics Work Robots are barely represented, with only three deals and about $23.5 million in recorded funding.

There is also a long tail of companies that have yet to show repeat fundraising. Forty-nine of the 84 companies appear only once during the period we studied.

Some of those companies are simply too new to have come back to market. Others may never make the jump. The next few funding cycles should tell us how much of today's broad early-stage cohort can turn into a durable second tier beneath the current leaders.

Can we trust the $10.08 billion humanoid robotics funding total?

The roughly $10.08 billion humanoid robotics funding total is solid enough to show the scale of the market, although pretending it is an exact accounting figure would create false precision.

Twenty-five of the 158 financings lack a sufficiently precise public amount for us to use numerically.

Of the 133 usable amounts, only 26 are presented as exact values. Fifty are lower bounds, while 57 involve estimates or currency conversions.

Figure AI's Series C is a good example. The company said it had exceeded $1 billion in committed capital, so our figure uses $1 billion as a conservative floor.

Apptronik creates a different problem. The individually identifiable 2025 closes in our dataset total $403 million, while the company's later announcement said the original Series A ultimately reached $415 million before the $520 million extension. We did not manufacture another dated financing to fill that $12 million gap.

Chinese fundraising announcements also frequently use descriptions such as "hundreds of millions of RMB," which leave a range rather than a clean point estimate.

We are much more confident in the structure of this market than in the last decimal place of its total capital. Concentration, repeat fundraising, stage distribution, category mix and geography survive those measurement imperfections.

What should we actually take away from the funding data?

Humanoid robotics has become a serious venture-capital market, although access to that capital is extremely uneven. As seen above, the headline billions sit heavily with large rounds and repeat winners.

The investable universe is also more compact than the stream of announcements suggests. Many companies can get an initial round; far fewer build the financing momentum needed to reach hundreds of millions of dollars.

General-purpose humanoids currently sit at the center of the money because their cost structure spans AI, hardware, manufacturing and deployment. Investors appear willing to fund that entire stack when they believe a company can become one of the major platforms.

The sector is spending huge amounts remarkably early in the company lifecycle. That creates enormous upside for the leaders and makes the eventual proof points much tougher: manufacturing, reliability, deployments and real customer economics have to catch up with the capital already committed.

The Series A-to-Series B transition is the clearest pressure point we can see today. Plenty of companies attract early backing; the list gets much shorter when the required check moves into nine figures.

Strategic investors are woven into this market because humanoid companies need real places to train and deploy robots. Industrial relationships can provide customers, factories, data and operating environments alongside capital.

Geographically, China has created the broadest ecosystem, while the United States has produced some of the most heavily funded individual companies. Those two funding patterns are shaping the market in very different ways.