Technology
SoftBank, Nvidia back Germany's Agile Robots at $8.5 billion valuation
Key Points
SoftBank, Nvidia back Germany's Agile Robots at $8.5 billion valuation Nov 12 : Agile Robots has raised $500 million in a funding round led by SoftBank, valuing the German robotics company at $8.5 billion, it said on Thursday. Nvidia and Hitachi also took part. The Munich-based maker of humanoid robots and robotic arms said it would use the money to expand in the US and add production capacity, including in Germany.
SoftBank, Nvidia back Germany's Agile Robots at $8.5 billion valuation
Nov 12 : Agile Robots has raised $500 million in a funding round led by SoftBank, valuing the German robotics company at $8.5 billion, it said on Thursday. Nvidia and Hitachi also took part.
The Munich-based maker of humanoid robots and robotic arms said it would use the money to expand in the US and add production capacity, including in Germany.
(1 euro = $1.1078)
Source: Reuters