Agile Robots was founded in 2018 and is headquartered in Munich and Beijing. The spin-off of the German Aerospace Center (DLR) has independently developed and marketed software and hardware products in the robotics sector, including an operating system for coordinating robots and accessories. Currently, the robots are of the startup primarily used in industrial and medical applications. With the now completed Series C financing round, the Munich-based company has reached a valuation of over one billion dollars, making the startup the next Munich-based unicorn. Just last year, existing investors invested 130 million in the robotics startup in two investment rounds.
Zhaopeng Chen, the founder of Agile Robots, explains:
"With its unique technology combining Robotics OS and the world's leading sensitive robots, Agile Robots strives to achieve a fundamental breakthrough in robotics and the realistic application of next-generation robots in the fields of intelligent precision assembly and medical treatment, which can currently only be performed by humans. With the support of our renowned investors and customers, we are confident that we can lead robotics into a new era with all our partners."
Agile Robots solves “some of the industry’s most challenging problems”
Eric Chen, Managing Partner at Softbank Investment Advisers, says:
“Agile Robots combines artificial intelligence with advanced robotics technology to solve some of the industry's most challenging problems and is the latest example of our continued support of China's growing technology sector.”
And Caroline Fu, partner of Sequoia China, adds:
"Although demand for robots is growing rapidly, conventional robots are limited in their ability to perform standard tasks. We are optimistic about the potential market for Agile Robots' general-purpose robots, as they integrate intelligent robots, force sensing, and robot vision. Agile Robots' innovative technology can be widely applied in markets with large and complex robot needs, such as medical treatment, 3C, and automotive manufacturing. We hope that Agile Robots will develop and apply more industry-leading innovative technologies in the near future to provide efficient, reliable, and cost-effective solutions for even more complex scenarios."
The funds from the financing round will primarily be used for product development and the establishment and expansion of series production in Germany and China. The startup also plans to further expand its global sales activities.
