Startups

Agile Robots Completes $30M Investment Round

Apr 22, 2022, 12:51pm2022/04/22 12:45:44 Pandaily

Intelligent robotics developer Agile Robots has recently completed a financing round totaling $30 million led by Foxconn Industrial Internet. Combined with the follow-up investment in Agile’s round-C financing in September last year, Foxconn Industrial Internet has now invested a total of $34.5 million in the startup.

Agile Robots was established in 2018, with dual headquarters in Munich, Germany and Beijing, China, focusing on AI intelligent robots. Its technology originated from Robotics and Mechatronics Center (RMC), a cluster and DLR’s competence center for R&D in the areas of robotics, mechatronics, and optical systems.

Up to now, Agile Robots has completed six rounds of financing, amounting to more than 2 billion yuan ($309 million). According to the annual report previously released by Foxconn Industrial Internet, when Agile Robots completed round-C financing, its valuation had reached $1 billion.

Chen Zhaopeng, Agile Robots’ founder, holds Ph.D. and has been jointly by the RMC and the Harbin Institute of Technology. During his Ph.D., he undertook R&D of the manipulator and robotic arm on the Tiangong-2 space station, and served as the deputy director of the laboratory of the Institute of Robotics and Mechatronics of RMC.

Agile Robots’ core products include the “7-DOF” lightweight robotic arm, robot controllers, a robot vision system and so on. The company has developed a robot operating system by utilizing core technologies such as force-controlled robot technology, machine vision, motion planning, adaptive grasping, man-machine cooperation, imitation learning and reinforcement learning.

Medical treatment, the “3Cs” (computers, communication and consumer electronics) and agriculture represent the most important application fields for Agile Robots’ products. The firm’s robotic arm has been applied to different types of surgical robots such as neurosurgery, orthopedics and endoscopy. Force-controlled robots have been used in 3C, automobile and parts manufacturing.

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