Agile Robots Raises $500 Million, Valuation Reaches $8.5 Billion

German industrial robotics company Agile Robots has raised $500 million in a new funding round led by SoftBank, bringing its valuation to $8.5 billion. Investors including Nvidia participated in this financing. Agile Robots founder Zhaopeng Chen stated that the funds will be used for expansion in the United States, increasing production in Germany, and entering new markets, preparing for a potential IPO in the future. The company has raised a total of $2 billion in funding, collaborating with partners such as Google DeepMind. Founded in 2018, Agile Robots aims to combine artificial intelligence with robotics technology to help factories increase productivity and reduce costs. Zhaopeng Chen noted that physical AI is one of the solutions for Europe to close the gap with the US and China in AI and revitalize its industry.

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