Humanoid Robotics Has Raised Billions. Where Is the Revenue?

Capital raised vs. reported humanoid revenue for Figure AI, Apptronik, UBTech and Agility Robotics.

Figures as of October 2026. Humanoid robotics has attracted billions of dollars in capital, but reported revenue remains small or undisclosed for many of the companies receiving that funding. The Robotic Life’s Funding Tracker records $11.8 billion in disclosed capital raised across 26 tracked humanoid companies, excluding internally funded corporate programs. The investor question is […]

Featured in Robotics 24/7: Humanoid Orders vs. Actual Deployments

Humanoid Orders vs. Actual Deployments, featured in Robotics 24/7,

Robotics 24/7 has published a contributed article by TRL founder Lars Talbert: Humanoid Orders vs. Actual Deployments: How Much Commercial Progress Is Really Happening? Order announcements in humanoid robotics arrive almost every week. Deployment numbers arrive far less often, and the two rarely line up. The article explains how to tell the difference. It covers […]