FII invests US$30 million in German startup Agile Robots


FII invests US$30 million in German startup Agile Robots

Foxconn Industrial Internet (FII) announced it has invested US$30 million in Agile Robots AG, a Munich-based automation startup.

This is its second strategic investment in Agile Robots. This follow-up investment after the US$4.5 million made last year reflects FII’s ambition in expanding its positions in the hi-precision smart application technologies in search of new growth opportunities.

Agile Robots is a startup founded in 2018, with valuation exceeding US$1 billion after a series C-round of fund-raising. It has capabilities including force control technology and robot control technology, as well as machine vision, artificial intelligence (AI), autonomous planning, robot intelligence, vision, operation system and other core technologies, and has established production bases in many places.

Their mission is to bridge the gap between AI and robotics by developing systems that offer state-of-the-art full-body force sensitivity and world-leading vision intelligence. This unique combination of technologies enables them to provide intelligent, easy-to-use and affordable robotic solutions that facilitate safe human-robot-interaction.

Many of the founding members of Agile Robots have worked in Robotic and Mechatronics Center (RMC) and German Aerospace Center (DLR). Some graduated from famous universities such as Harbin Industrial University.

An FII press release pointed out that the smart automation solution developed by Agile Robots has domain knowledge including force-control robotics, algorithm platform, autonomous decision-making and operating system. The solution has been certified by FII, and will be implemented in 3C precision manufacturing, new energy vehicle supply chains, medical surgery and smart agriculture use cases. Agile Robots will also assist FII in its smart manufacturing applications as well as in some environmentally-friendly solutions that will be applied in EV and semiconductor fields.

Agile Robots is only one of the strategic investments that FII made in 2021 and 2022. In March 2022, FII committed more than CNY10 billion in strategic investments, nearly four times of its invested amount in 2021, including CNY9.8 billion (US$1.54 billion) in Xingwei (Guangzhou) Industrial Investment Fund as a limited partner to invest in advanced precision manufacturing projects.

FII has identified semiconductor, electric vehicles (EV), metaverse and Internet of Things (IoT) applications in the industrial internet as new sources of growth.

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Curated By:- Mainstage Hub

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