ETtech Deals Digest: Startups raise $740 million this week; up 4 times on-year
Before you start hailing the return of the startup funding boom, let's pump the brakes just a smidge. While the headlines scream a four-fold jump to a hefty $740 million this week, the real story feels less like a broad market resurgence and more like a single, incredibly well-funded humanoid decided to buy everyone a round. It seems the robots are not only taking our jobs, but also strategically skewing our market analytics with their colossal cash injections.
Indeed, the week's impressive $740 million haul, quadrupling last year's figure, was overwhelmingly propelled by one colossal transaction: humanoid robotics startup Apptronik single-handedly secured a staggering $520 million. While the total number of transactions did see a modest uptick to 40 deals this week, up from 38 in the same period last year, the overall capital injection narrative is clearly dominated by this singular, massive investment in the future of AI and automation.
