China’s Agile Robots nets $130m from Sequoia, GL Ventures, others

Agile Robots, which offers professional robotic solutions, on Wednesday announced that it has raked in as much as $130 million in 2020. The company caters to industries such as healthcare and manufacturing, among others.

The robot manufacturer said that the corpus was raised within a span of 10 months last year.

Existing investors including Sequoia Capital China, Hillhouse’s venture capital unit GL Ventures, and Linear Venture re-upped their investment in the current round.

In addition to the $130 million corpus, Agile recently secured an undisclosed sum in its Series B round from Bank of Communications’ Hong Kong subsidiary BOCOM International, CMB International’s telecom fund, and private-owned conglomerate New Hope Group. 

Agile, which was co-founded by Dr. Zhaopeng Chen who was earlier with German Aerospace Center’s Robotics and Mechatronics Institute, takes care of the design of intelligent robots. 

With dual headquarters in Germany’s Munich and Beijing, Agile offers smart and affordable human-robot-interaction products and solutions.

Agile has a significant presence in the healthcare segment wherein it has forged partnerships with an array of hospitals, clinics, institutes and enterprises such as Tinavi and surgical robots specialist Beijing Baihui Weikang Technology. 

Startups specializing in the robotics industry are increasingly evincing investor interest. Surgical robot player Edge Medical Robots garnered nearly 600 million yuan ($93 million) in its Series B round recently led by healthcare fund LYFE Capital.

Meanwhile, JAKA Robotics has pocketed over 300 million yuan ($46 million) in its Series C round of funding jointly led by CITIC’s alternative asset manager CPE and state-backed CMG-SDIC Capital. 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.