Agile Robots Completes $225M Series C Financing
September 10, 2021
Agile Robots, which develops intelligent robotics, has announced the completion of a Series C financing round with a total investment of $220 million. The company said funds from this series will be used to further product development, mass production and global sales expansion.
Founded in 2018, with offices in Munich, Germany, and Beijing, China, Agile Robotics is a robotics software platform company with hardware know-how in robotics. With German Aerospace Centre (DLG) as its technical backbone and the core concept of “artificial intelligence empowerment,” the company said it is committed to promote the deep combination and innovation of AI and robotics to expand the application of robotics to more fields. DLR is not only the first institute to send intelligent robots into space and perform complex tasks such as human-robot collaboration, but also the first to propose and develop successful force-controlled robots that are being adopted by industries, the company said.
The company’s operating system AgileCore is designed to coordinate robots and accessories such as end effectors from different manufacturers. It also has developed a force-controlled robot called DIANA, medical robots, humanoid dexterous five-finger hands, and a flexible intelligent platform. The company launched a “robotic worker” that serves as a smart assistant to all kinds of workers and professionals from different fields to take over mundane or dangerous tasks. The company said its products have been successfully put into mass production, achieving large-scale applications in medical, industrial (consumer electronics, automotive, jewelry and other precision assembly and manufacturing processes), agricultural, education and service fields.
“With the unique technology by combining robotic OS and the world’s leading sensitive robots, Agile Robots is seeking a fundamental breakthrough in the robotics area, realistically applying the next generation of robots into intelligent precision assembly areas and medical treatment, which can only be accomplished by human beings right now,” said Zhaopeng Chen, the founder of Agile Robots. “With the support of our reputable investors and customers, we are confident in pushing robotics into a new era with our partners.”
The funding was led by SoftBank Vision Fund 2, along with investors Chimera Investments under Abu Dhabi Royal Group, GL Ventures, Sequoia China and Linear Capital, along with strategic investors Xiaomi Group, Foxconn Industrial Internet, and Midas.
“As part of our ongoing commitment to China’s dynamic market and to help entrepreneurs drive a wave of innovation, we are delighted to partner with Dr. Zhaopeng Chen, Peter Meusel, and the Agile Robotics team,” said Eric Chen, managing partner at SoftBank Investment Advisers. “Agile Robots connects artificial intelligence with advanced robotics technology to solve some of the most challenging industry problems and is the latest example of our continued support of China’s growing technology sector.”
For more details on the company, visit the Agile Robots website here.
