Agile Robots raises $500 million at an $8.5 billion valuation, with SoftBank leading the round
According to The New York Times, German industrial robotics company Agile Robots raised $500 million in a new funding round led by SoftBank, with investors including Nvidia also participating, bringing its valuation to $8.5 billion. Agile Robots founder Zhaopeng Chen said the funds will be used to expand in the United States, increase production in Germany, and enter new markets, preparing the company for a potential future IPO. The company is working with partners such as Google DeepMind and has raised a total of $2 billion to date. Founded in 2018, Agile Robots aims to combine artificial intelligence with robotics to help factories boost productivity and reduce costs. Zhaopeng Chen said physical AI is one solution for Europe to narrow the AI gap with the United States and China and revitalize its industry.
According to The New York Times, German industrial robotics company Agile Robots raised $500 million in a new funding round led by SoftBank, with investors including Nvidia also participating, bringing its valuation to $8.5 billion. Agile Robots founder Zhaopeng Chen said the funds will be used to expand in the United States, increase production in Germany, and enter new markets, preparing the company for a potential future IPO. The company is working with partners such as Google DeepMind and has raised a total of $2 billion to date. Founded in 2018, Agile Robots aims to combine artificial intelligence with robotics to help factories boost productivity and reduce costs. Zhaopeng Chen said physical AI is one solution for Europe to narrow the AI gap with the United States and China and revitalize its industry.