Agile Robots was valued at $8.5 billion after raising $500 million in a round led by SoftBank, first reported by Techxplore. The company said the money will fund expansion in the United States, more production capacity in Germany and entry into new markets for robots that automate and speed up factory work.
SoftBank, a Japanese tech investment group, led the round; Nvidia and the Japanese group Hitachi also participated. The valuation was also given as 7.7 billion euros.
Founded in 2018 and based in Munich, Agile makes humanoid robots and robotic arms used to automate and speed factory work. The company says it has deployed around 20,000 robots in automotive, consumer electronics and logistics.
Earlier this year, Agile opened a factory outside Munich that it says can produce up to 10,000 humanoid robots annually to meet rising demand. The stated expansion plan pairs entry into new markets with additional production capacity in Germany.
A company spokesman told AFP Agile was Europe's most valuable physical AI robotics firm. CEO and founder Zhaopeng Chen described the company's vision as robots working alongside people in factories and warehouses.
Agile is among German startups seeking to move AI from digital applications into physical work, particularly at traditional manufacturers. Europe has lagged the United States and China in developing the best-known AI models, though some believe industrial AI deployment could give the continent an edge.
Robotics remains a competitive field: larger Chinese rivals such as Unitree have enjoyed substantial government support, and Unitree is known for its backflipping robots.
