Munich-based robotics startup Agile Robots has closed an eight-figure Series A financing round. C-Ventures is leading the round, with existing investors GL Ventures, Sequoia Capital China, and Linear Venture Capital also participating.
Agile Robots plans to use the fresh capital for future development of robot products, further expansion of the team, and growth of the company in the global market. Zhaopeng Chen, founder and CEO of Agile Robots, says:
“We are very excited to partner with investors who are forward-thinking, have a deep understanding of our business, and support us in making robotics more accessible to the general public.”
“We are convinced of Agile Robots’ long-term business prospects”
The spin-off of the German Aerospace Center combines artificial intelligence and Robot technologyThe robots developed by the company, founded in 2018, are designed to use machine and transfer learning, computer vision, and the use of force-torque sensors to enable them to independently perceive their environment and work safely and precisely even in unfamiliar environments.
“We are confident in Agile Robots’ long-term business prospects and look forward to working with the company to drive future development,”
says Adrian Cheng, founder of C-Ventures.
"We are convinced that robots will transform our society for good, especially in labor-intensive industries. Innovative and cost-effective robotic solutions will also help revolutionize our core business in manufacturing, logistics, and healthcare. Our vision is for humans and robots to work hand in hand to create shared value for companies and society."
