German AI Robotics Start-up Valued at $8.5 Bn After New Fundraising
- Munich-Based Agile Robots has raised $500 million in a funding round led by SoftBank, valuing the company at $8.5 billion. Nvidia and Hitachi also participated.
- For SoftBank, this investment marks a return to a company it knows well, having led Agile's $220 million Series C in 2021. Founder Masayoshi Son has placed robotics at the center of his strategy.
- At $8.5 billion, Agile moves ahead of Neura Robotics, which reached a valuation of roughly $7 billion. The company has installed more than 20,000 robotic systems worldwide.
- CEO Zhaopeng Chen plans to use the new capital to fund expansion and increase manufacturing capacity. Chen told the New York Times the funding strengthens Agile's position to consider a future IPO.
- Chen described the race for physical AI as a capital-intensive "war," expecting humanoid robots to become more efficient. He acknowledged battery life, weight distribution, and real-world training data remain unresolved challenges.
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German AI robotics start-up valued at $8.5 bn after new fundraising
One of Europe's leading makers of humanoid robots and robotic arms, Agile works in the field of "physical AI", with its equipment used to automate and speed up factory work. The Munich-based company raised $500 million in the funding round led by the Japanese tech investment giant SoftBank. Other participants included AI chip behemoth Nvidia and the Japanese group Hitachi. A spokesman told AFP that the company, founded in 2018, was now Europe's …
SoftBank, Nvidia back Germany’s Agile Robots at $8.5 billion valuation
Nov 12 (Reuters) - Agile Robots has raised $500 million in a funding round led by SoftBank, valuing the German robotics company at $8.5 billion, it said on Thursday. Nvidia and Hitachi also took part. The Munich-based maker of humanoid robot...
SoftBank leads $500M round valuing Agile Robots at $8.5B
Agile Robots has raised $500 million in a funding round led by SoftBank, valuing the Munich-based robotics company at $8.5 billion. The company announced the investment in a statement Bloomberg reported, bringing total funding to around $2 billion. Nvidia, Hitachi, and T.Capital also participated in the round. The investment comes five months after reports emerged […] This story continues at The Next Web
SoftBank Backs Agile Robots in $500 Million Humanoid Push
Agile Robots SE raised funds valuing the German robotics maker at $8.5 billion in a round led by SoftBank Group Corp., giving the startup fresh capital to expand production of its artificial intelligence-powered machines.
Robots with sensitive hands and human-like machines: Agile Robots is one of the big names in the industry. Now the Bavarian company is targeting the next growth stage.
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