Startups and VCUpdated 15h ago

Agile raises $500M at an $8.5B valuation.

Bloomberg says SoftBank led a $500 million round that values German robotics maker Agile Robots at $8.5 billion. The fresh capital is meant to help Agile expand production of its AI-powered machines. Agile is among a fast-growing group combining AI and robotics to help factories raise productivity and lower costs, The New York Times reports. That gives the production plan a concrete destination: factory floors, where the pitch is simple—get more done for less.

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