Agility Robotics, a Corvallis, OR-based. Creator of bipedal walking robot planned to offer efficient, elegant, and complete legged platforms for real-world applications. The company’s robots offer human-like abilities that permit them to work with and alongside people to complete simple tasks with minimal or no extra programming without modifying offices, factories, or homes. In addition, it provides clients with a new mobility option to automate applications that navigate various terrains.
Agility Robotics was funded $150 million was led by DCVC and Playground Global with participation from The Amazon Industrial Innovation Fund, MFV Partners, ITIC, Robotics Hub, Safar Partners, Sony Innovation Fund, TDK Ventures, and other strategic angel investors.
Agility’s system is unique, matching design, software, and hardware expertise to control robots that can manage virtually limitless tasks as part of a combined workforce. Despite the conventional wisdom that many endeavor problems have been addressed by automation, most robotics technologies today are purpose-built for single tasks, making them inflexible, expensive, and quickly obsolete. As described by Agility Robotics CTO Dr. Jonathan Hurst in a recent blog post, Agility’s robots are – by contrast – built to be versatile, cost-effective, and durable helpers to people.
This capital raise will accelerate the delivery of the next generation of Agility’s robots, extending its path document of performance that began with its first customer shipments in 2018. Agility’s most developed robot will be deployed at customers’ sites later this year. As has been its practice since the company’s founding, these deployments allow Agility to iterate with real-time customer feedback and gain insights into operating environments, discover new uses for its robots, and refine their capabilities.
Digit has a max speed of 1.5 m/s and can run for 3 hours doing light work. Doing heavy work, the robot will last 1.5 hours. The robot can currently move totes and packages and unload trailers, but the company hopes to expand its capabilities to last-mile deliveries soon.
CEO Damion Shelton said unprecedented consumer and corporate demand had created a great need for robots to support people in the workplace. With this investment, Agility can ramp up the delivery of robots to fill roles where there’s an unmet need.
By: K. Tagura
Author statement:
Funded.com is the leading platform for accredited investors network worldwide. We monitor and provide updates on important funding events. Angel Investors and Venture Funding can be a key growth for a startup or existing business. Whether it is a first, second or third round financing having a strategic alliance with an Angel Investor or Venture Capital financing can propel a business to the next level and give the competitive edge.
