Business · Companies · 22 hrs ago

SoftBank leads $500 million funding round in Agile Robots

SoftBank leads $500 million funding round in Agile Robots

SoftBank led a $500 million funding round for Agile Robots, a robotics company based in Munich, Germany.

The Series F round valued the company at $8.5 billion, and included Nvidia, Hitachi and T.Capital.

Founded in 2018 as a spin-off from the German Aerospace Centre, Agile makes industrial robots and the software and AI systems that control them.

Its machines can assemble products, handle parts, inspect equipment and move materials in factories and warehouses.

The company has raised around $2 billion in total and says its robots serve industries including automotive, electronics and healthcare.

The new funding will support expansion in the United States and help Agile increase production capacity.

A factory near Munich can produce up to 10,000 humanoid robots a year, and the company says it will also develop new industrial applications.

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What people are saying

Dr. Zhaopeng ChenAgile Robots CEO and founder
Physical AI will fundamentally change how the world builds, moves and makes things.
via Tech.eu
This funding allows us to accelerate our global expansion, strengthen our presence in key markets and build out production capacity.
via Tech.eu