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Tech & Startups

SoftBank leads $500 million investment in Germany’s Agile Robots

The Series F financing valued the Munich-based robotics company at $8.5 billion and included Nvidia, Hitachi and T Capital.

By Sofia TeixeiraPublished 1 min read

Robotic arms on an industrial production line
Photo: Tech.eu

Germany’s Agile Robots plans to increase its manufacturing capacity and expand in the US after raising $500 million in financing led by SoftBank. The company, which develops robots for industrial tasks, said the money would support both objectives.

The Japanese group led the Series F round alongside participants Nvidia, Hitachi and T Capital. The deal put Agile’s valuation at $8.5 billion, while the amount it has raised across funding rounds reached around $2 billion.

Established in 2018 through a spin-off from the German Aerospace Centre, Agile makes humanoids, robotic arms and hands, and autonomous mobile robots. It also develops software and AI models behind the technology. Its machines assemble products, handle components, inspect equipment and transport materials within factories. Customers come from sectors including healthcare, automotive, consumer electronics and services.

Agile said its factory near Munich has capacity for up to 10,000 humanoid robots annually, covering wheeled and legged models. The company has more than 2,000 research and development specialists and over 650 patents. Founder and chief executive Dr. Zhaopeng Chen said the financing would help extend its international reach and strengthen its position in key markets.