SoftBank, Nvidia back Germany's Agile Robots at $8.5 billion valuation
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SoftBank, Nvidia back Germany's Agile Robots at $8.5 billion valuation Nov 12 (Reuters) - Agile Robots has raised $500 million in a funding round led by SoftBank 9984.T, valuing the German robotics company at $8.5 billion, it said on Thursday. Nvidia NVDA.O and Hitachi 6501.T also took part.
The Munich-based maker of humanoid robots and robotic arms said it would use the money to expand in the US and add production capacity, including in Germany.
(1 euro = $1.1078)
(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)
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