Total amount raised
$178.8 Millions
Latest funding date
11/1/2024
Location
Agility Robotics has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The company specializes in developing advanced humanoid robots designed for real-world applications.
Keep reading to explore the intricacies of Agility Robotics' fundraising journey and the investors backing this innovative platform.
What Is Agility Robotics?
Agility Robotics, founded in 2015, is based in Albany, Oregon. The company was established by Damion Shelton, Jonathan Hurst, and Mikhail Jones.
Specializing in humanoid robots, Agility Robotics focuses on creating efficient, agile, and robust legged platforms for real-world applications. Their flagship product, Digit, is designed to automate repetitive tasks across various industries.
With a team of 101-250 employees, Agility Robotics continues to innovate in the field of legged locomotion, leveraging a rich history of academic research to develop cutting-edge robotic solutions.
How Much Funding Has Agility Robotics Raised?
- Seed Round
- Amount Raised: $792K
- Date: October 2016
- Lead Investors: The Robotics Hub
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their humanoid robots.
- Series A
- Amount Raised: $8M
- Date: March 2018
- Lead Investors: Playground Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up production and refine their robotic technology.
- Series B
- Amount Raised: $20M
- Date: October 2020
- Lead Investors: DCVC, Playground Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance product capabilities.
- Series B
- Amount Raised: $150M
- Date: April 2022
- Lead Investors: DCVC, Playground Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the deployment of robots in the workplace and double the workforce.
- Series B
- Amount Raised: -
- Date: August 2024
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their technological capabilities and market presence.
- Corporate Round
- Amount Raised: -
- Date: November 2024
- Lead Investors: Schaeffler Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To form strategic partnerships and enhance product development.
Total Amount Raised: $178.792M
Current Valuation: Not publicly disclosed
Key Investors
- Amazon Industrial Innovation Fund
- Details: A fund established by Amazon to back technologies that improve logistics and the supply chain.
- Investment Focus Areas: Logistics, supply chain, robotics, AI, e-commerce.
- Notable Investments: Rivian, Zoox, Ring.
- DCVC
- Details: A Silicon Valley-based venture capital firm known for investing in deep tech and innovative technologies.
- Investment Focus Areas: AI, robotics, space, biotechnology.
- Notable Investments: Planet Labs, Zymergen, Rocket Lab.
- Playground Global
- Details: A venture capital firm that supports early-stage startups with a focus on hardware and software innovation.
- Investment Focus Areas: Robotics, AI, hardware, software.
- Notable Investments: Relativity Space, Nervana Systems, Owl Labs.
- The Robotics Hub
- Details: An investment firm specializing in robotics and AI startups.
- Investment Focus Areas: Robotics, AI, automation.
- Notable Investments: Not publicly disclosed.
- Schaeffler Group
- Details: A global automotive and industrial supplier headquartered in Germany.
- Investment Focus Areas: Automotive, industrial, robotics.
- Notable Investments: Not publicly disclosed.
What's Next for Agility Robotics?
Agility Robotics stands at the cusp of significant opportunities, particularly in distribution, manufacturing, and logistics. Their humanoid robots, like Digit, are poised to revolutionize these sectors by automating repetitive tasks and enhancing operational efficiency. The potential market size is vast, spanning multiple industries that are increasingly adopting automation to meet growing demands.
Given the substantial $150 million investment from Amazon and other backers, future fundraising rounds seem likely as the company scales its operations and workforce. However, challenges such as technological advancements, competition, and market adoption could pose hurdles. Navigating these will be crucial for Agility Robotics to maintain its competitive edge and continue its growth trajectory.
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