Agile Robots Raises $500 Million From SoftBank and Nvidia

Agile Robots, a Munich-based robotics company, has closed a $500 million funding round led by SoftBank and backed by Nvidia, lifting its valuation to $8.5 billion. Founder and CEO Zhaopeng Chen plans to use the capital to enter the U.S. market, develop new industrial applications, and expand manufacturing in Bavaria as the company prepares for a possible initial public offering. Open article →