Agile Robots Raises $500 Million at $8.5 Billion Valuation as It Eyes U.S. Expansion
Updated
Updated · The New York Times · Nov 12
Agile Robots Raises $500 Million at $8.5 Billion Valuation as It Eyes U.S. Expansion
2 articles · Updated · The New York Times · Nov 12
Summary
$500 million in new funding from investors including SoftBank and Nvidia values German robotics start-up Agile Robots at $8.5 billion.
The company plans to use the cash to expand in the United States, boost production in Germany and enter new markets, founder Zhaopeng Chen said, as it positions for a potential IPO.
Agile, founded in Germany in 2018, develops AI-powered industrial robots and has now raised $2 billion, working with partners including Google DeepMind.
The valuation places Agile alongside Europe's most highly valued AI and robotics groups, as the region pushes physical AI to lift factory productivity and narrow the gap with the U.S. and China.