German robotics company Agile Robots completes new $500 million funding round at an $8.5 billion valuation

TechFlow reported on November 12 that, according to The New York Times, German industrial robotics company Agile Robots has completed a new $500 million funding round led by SoftBank, with participation from investors including Nvidia, bringing the company's valuation to $8.5 billion and cumulative funding to $2 billion.

Agile Robots founder Zhaopeng Chen said the new capital will be used to expand into the U.S. market, scale up production in Germany, and enter new markets, while also preparing for a potential future initial public offering (IPO).

Founded in 2018, Agile Robots focuses on the integration of artificial intelligence and industrial robotics technology and is currently collaborating with organizations such as Google DeepMind. Zhaopeng Chen believes that physical AI can help Europe narrow the gap with the United States and China in artificial intelligence and enhance Europe's industrial competitiveness.

Source: TechFlow