Nvidia plans stakes in Agile Robots, Avelios, Mirelo and Reflex Aerospace in $10B Europe push — TFN
Summary
Nvidia plans investments in four German startups as part of a larger push across Europe. The announcement came alongside a Joint Declaration of Intent with the German government to advance physical AI models for robots, vehicles, and industrial systems. The four companies include Agile Robots, Avelios Medical, Mirelo, and Reflex Aerospace, each focused on an AI-driven use case in manufacturing, healthcare, media, or aerospace. The piece also highlights Germany’s relatively low AI adoption among mid-sized companies and frames the investment as part of a broader industrial AI strategy.
Funding
Amount
$220.0M
Total raised
Date
January 1, 2021
Announcement date
Investors
2150, High-Tech Gründerfonds, Beyond Black, CRV, Bayern Kapital, Sequoia Capital, Index Ventures, Andreessen Horowitz
Lead investors
Company
agile-robots.com
Funded company
AskAI Classifications
Sectors
Manufacturing Industry
Shop Floor Control
HealthTech
Functions
Developer and IT Infrastructure
Process Automation
Business Intelligence and Analytics
