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SoftBank, Nvidia back Germany's Agile Robots at $8.5 billion valuation

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In short

Agile Robots completed a $500 million investment round that lifted the German firm's overall valuation to $8.5 billion. The fundraising effort was spearheaded by SoftBank, with additional capital contributed by technology giants Nvidia and Hitachi. The Munich enterprise designs and produces both robotic arms and humanoid robots for various applications. Leadership intends to allocate the proceeds toward expanding U.S. operations and ramping up overall production capacity, which includes its existing German sites.

Key points

  • Agile Robots manufactures advanced robotic arms and humanoid robots from its base in Muni…: Agile Robots manufactures advanced robotic arms and humanoid robots from its base in Munich.
  • Proceeds from the transaction will fund increased production capacity across German manuf…: Proceeds from the transaction will fund increased production capacity across German manufacturing facilities.
  • Major international technology giants are providing strategic capital to scale the roboti…: Major international technology giants are providing strategic capital to scale the robotics firm globally.

Sources checked by our analysis pipeline: 1

Nov 12 : Agile Robots has raised $500 million in a funding round led by SoftBank, valuing the German robotics company at $8.5 billion, it said on Thursday. Nvidia and Hitachi also took part.

The Munich-based maker of humanoid robots and robotic arms said it would use the money to expand in the US and add production capacity, including in Germany.

(1 euro = $1.1078)

Source: Reuters

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