Softbank, Foxconn and Xiaomi all backed a series C round for the smart robotics technology developer, which is now valued at over $1bn.
Internet and telecommunication group Softbank’s Vision Fund 2 has led a $220m series C round for Germany-based intelligent robotics developer Agile Robots.
The round, which valued the business at over $1bn, included contract electronics manufacturer Foxconn’s Industrial Internet unit, electronics producer Xiaomi, Hillhouse Capital’s GL Ventures subsidiary, Midas, Chimera Investments, Sequoia China and Linear Capital.
Spun out of German Aerospace Center, Agile develops software and smart robotics technology aimed at the healthcare and consumer electronics manufacturing sectors. Its products include…
