China-headquartered smart robotics technology developer Agile Robots secured up to $130m in funding in 2020 from investors including agriculture and real estate conglomerate New Hope Group, DealStreetAsia reported today, citing a company statement.
Agile produces intelligent robotics technology for use in industries such as healthcare, with products including a smart robotic arm and hand in addition to an operating system.
The company’s founder and chief executive, Zhaopeng Chen, was formerly deputy director of the German Aerospace Center’s Robotics and Mechatronics Institute, and Agile retains a presence in Germany.
The cash was raised over a 10-month period and although Agile has not revealed details of the individual rounds, they include a series B featuring New Hope, Bank of Communications’ Bocom International subsidiary and the telecoms fund run by China Merchants Bank’s CMB International unit.
Venture capital firms Sequoia Capital China and Linear Venture participated in the round as existing investors, as did hedge fund manager Hillhouse’s VC vehicle, GL Ventures.
All three had reportedly backed an April 2020 series A round in the eight-figure dollar range that also featured medical robotics technology manufacturer Tianzhihang.
