Robotics Startup Agile Robots Secures $220 mln in Funding

Agile Robots, a robotics startup, has raised $220 million via a Series C funding round to lead the robotics industry revolution.

Led by SoftBank Vision Fund 2, the round also saw participation from firms like Chimera Investments of Royal Abu Dhabi Group, GL Ventures, Sequoia China, Linear Capital, and other strategic investors. The funding will allow Agile Robots to continue to develop and manufacture its products while expanding the scale of the company’s operations. Managing Partner at SoftBank Investment Advisers Dr. Eric Chen commented on the firm’s participation:

“As part of our ongoing commitment to China’s dynamic market and to help entrepreneurs drive a wave of innovation, we are delighted to partner with Dr. Zhaopeng Chen, Peter Meusel, and the Agile Robots team. Agile Robots connects artificial intelligence with advanced robotics technology to solve some of the most challenging industry problems and is the latest example of our continued support of China’s growing technology sector.”

Founded in 2018, Agile Robots has become a leading robotics startup, as well as the only unicorn in the field of intelligent robotics in the world. With the aim of promoting the combination and innovation of robotics, the startup has expanded the application of robotics to more fields by supporting the medical, manufacturing, agriculture, and education industries. Agile Robots founder Dr. Zhaopeng Chen referred to this mission by stating::

“With the unique technology by combining robotic OS and the world’s leading sensitive robots, Agile Robots is seeking for fundamental breakthrough in robotic area and realistically applying the next generation of robots into intelligent precision assembly area and medical treatment, which can only be accomplished by human beings right now. With the support from our reputable investors and customers, we are confident to push robotics into a new era with all our partners.”

At present, Agile Robots is trying to expand to markets around the world, especially in China. To achieve this purpose, the robotics startup has cooperated with many partners in China including orthopedic surgery robots and neurosurgery robot companies, general hospitals, and other enterprises around the world.