German-Chinese startup Agile Robots raises $220 million from investors

Funding Rounds

▤ Summary

BERLIN, Sept 9 (Reuters) - German-Chinese startup Agile Robots said on Thursday that it had raised $220 million from investors led by the SoftBank Vision Fund 2 (9984.T) and would invest the proceeds in expanding its production and sales operations. The investment round valued Agile Robots, which has dual headquarters in Munich and Beijing, at more than $1 billion - adding it to the growing ranks of technology startups with so-called "unicorn" status. "Agile Robots realistically brings the next generation of robots into industrial intelligent precision assembly areas and medical treatment scenarios that could previously only be carried out by humans," said founder and CEO Zhaopeng Chen. "With the excellent support from our well-known investors and customers, we are confident that we will lead robotics into a new era." Reporting by Nadine Schimroszik, Writing by Douglas Busvine Editing by Keith Weir

$ Funding

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Amount $220.0M Total raised
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Date September 7, 2021 Announcement date
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Investors Reuters Venture Capital Lead investors
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Company http://www.agile-robots.com/ Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

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Labels
Legal Tech Tax Software Compliance Software

▦ Linked Companies

Liquid Engines
up to $1M