Agile Robots completed a $500 million financing round with a valuation of $8.5 billion, led by SoftBank

According to The New York Times, German industrial robot company Agile Robots has raised $500 million in a new round of financing led by SoftBank, with investors including Nvidia, bringing its valuation to $8.5 billion. 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 is collaborating with partners such as Google DeepMind, with total financing reaching $2 billion. Agile Robots was founded in 2018 and is dedicated to combining artificial intelligence with robotics to help factories increase productivity and reduce costs. Zhaopeng Chen mentioned that physical AI is one of the solutions for Europe to close the gap with AI in the United States and China and to revitalize its industry.