SoftBank leads $500M Agile Robots round days after China blocks ABB deal

SoftBank (TYO: 9984) has led a funding round of about $500 million in Agile Robots, a Munich robotics company that Nvidia (NASDAQ: NVDA) also backs. The deal comes about a week after China refused to approve SoftBank’s $5.4 billion purchase of the robotics division of ABB (SWX: ABBN). Why is SoftBank betting on Agile Robots? SoftBank (TYO: 9984) has led a funding round of about $500 million in Agile Robots, a Munich robotics company founded in 2018 by researchers from the German Aerospace Center. Back in 2021, Agile Robots became Germany’s first robotics unicorn after SoftBank led a $220 million Series C round. SoftBank was also in early talks to anchor a raise of around $800 million and could put in more than $300 million.

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