Foxconn Industrial Internet became a strategic investor of high-tech start-up Agile Robots AG by pumping USD 30 million into Agile Robots. The company started to provide robots to the world's largest smartphone maker in 2021.
High-tech start-up Agile Robots AG recently closed its funding round worth USD 30 million backed solely by Foxconn Industrial Internet. The accumulated funding amount from Foxconn Industrial Internet in this startup has reached USD 34.5 million.
So far, Agile Robots AG has completed six rounds of financing worth over CNY 2 billion (USD 308.019 million), PEdaily reported.
Foxconn Industrial Internet’s 2021 annual report shows that Agile Robots’ Series C funding round has boosted its valuation to USD 1 billion. Agile Robots began to supply robots to the world's largest smartphone maker in 2021, which market observers said is an important reason why Softbank Vision Fund finally decided to lead Agile Robots’ Series C round of financing on September 10 of the same year, LatePost reported.
Founded in 2018, Agile Robots AG is a high-tech startup based in Munich and Beijing. It is a spin-off of the German Aerospace Center (DLR), the national center for aerospace, energy, and transportation research of Germany, looking to push the boundaries of robotics. The founder Dr. Chen Zhaopeng was the Former Deputy Director of the Laboratory of the DLR.
Agile Robots AG’s mission is to bridge the gap between AI and robotics by developing systems that offer state-of-the-art full-body force sensitivity and world-leading vision intelligence. Its products are mainly applied to healthcare, 3C manufacturing (computer, communication, and consumer electronics), and agriculture, according to PEdaily.