Germany Gets First Robotics Unicorn
Munich’s Agile Robots has announced a new EUR 186 million funding round, taking the total value of the young company past USD one billion. The round was led by Japanese investor Softbank.
Founded in 2018 as a spin-off of the German Aerospace Center (DLR) by Zhaopeng Chen and Peter Meusel, Agile Robots is a deep-tech company specializing in software and hardware for industrial robot hands. At the heart of the technology is artificial intelligence.
“Our challenge is process visual and haptic data with AI,” CEO Chen told business newspaper Handelsblatt. “To take robotic intelligence to the next level, we have to bring it to the breadth of industry and our daily lives.”
“This financing round is a milestone for Germany as a location for digitalized industry,” says Germany Trade & Invest Director of Trend and Innovation Scouting Kim Zietlow. “It demonstrates the power of deep tech made in Germany.”
Automotive giant BMW is already using technology from Agile Robots, which also has an office in Beijing, in its operations in China.
The founders of Agile Robots: Peter Meusel (left) und Zhaopeng Chen © Agile Robots