Agility Robotics Raises $150M Series B Led By DCVC and Playground Global — Agility Robotics

Company Prepares To Introduce Flagship Robotic To Logistics and Warehouse Environments

CORVALLIS, OR – April 22, 2022 — Agility Robotics, a creator and producer of robots designed to work alongside folks in logistics and warehouse environments, this day launched that it has raised $150 million led by DCVC and Playground Global. The Amazon Industrial Innovation Fund also joined as an investor to encourage spur innovation in the logistics industry. Agility’s robots provide peculiar charge to firms by augmenting the human crew’s productiveness, effectivity, and wellness. This capital expand will scurry Agility’s R&D and scale its robot production.

“Unprecedented particular person and company quiz contain created an extra special need for robots to make stronger folks in the office,” mentioned Damion Shelton, CEO of Agility Robotics. “With this investment, Agility can ramp up the start of robots to contain roles the place there’s an unmet need.”

“Agility is made up our minds to construct a extremely effective affect, creating and transport robots that are built to co-exist seamlessly in our lives,” mentioned Bruce Leak, Traditional Companion, Playground Global. “Since Agility’s earliest days, we’ve believed their peculiar technical procedure stands on my own in having the skill to lift on the promise of practical on a fashioned foundation robots.”

Agility’s procedure is peculiar, marrying expertise all the procedure by invent, tool, and hardware to vitality robots that can prepare virtually limitless projects as section of a blended crew. Despite the former data that many industry complications had been addressed by automation, most robotics applied sciences this day are reason-built for single projects, making them inflexible, costly, and hasty outdated skool. As described by Agility Robotics CTO Dr. Jonathan Hurst in a most up-to-date weblog put up, Agility’s robots are – in distinction – built to be versatile, charge-effective, and durable helpers to folks.

“We’re deepening our investment in Agility Robotics because their robots resolve the labor shortages plaguing firms and wreaking havoc on provide chains,” mentioned Matt Ocko, Co-Managing Companion, DCVC. “Agility’s robots are designed to free folks from repetitive or contaminated projects, allowing them to contain end on the extra nice work they’ll discontinue larger than any robot.”

This capital expand will scurry the start of the next technology of Agility’s robots, extending the company’s track file of execution that began with its first buyer shipments in 2018. Agility’s most superior robot will be deployed at customers’ net sites later this 365 days. As has been its phrase since the company’s founding, these deployments enable Agility to iterate with exact-time buyer solutions and originate insights into operating environments, see new makes employ of for its robots, and refine their capabilities. mission customers who’re seeking to find early access to the next technology of Agility’s robots can reach out to gross sales@agilityrobotics.com to prequalify.

“The reason of the Amazon Industrial Innovation Fund is to make stronger rising applied sciences by explain investments, designed to spur invention and resolve for the realm’s hardest complications all the procedure by buyer fulfillment operations, logistics, and provide chain suggestions,” mentioned Katherine Chen, Head of Amazon Industrial Innovation Fund. “Agility’s system to designing robotics for a blended crew is in fact peculiar and would perchance well perchance contain a well-known ripple perform for an very just sincere preference of industries, and we hope others phrase lumber well with to scurry innovation on this kind.”

Agility’s Series B spherical contains participation from old investors MFV Partners, ITIC, Robotics Hub, Safar Partners, Sony Innovation Fund, and TDK Ventures. The new capital will enable Agility to proceed expanding its operations and hiring in the U.S. The company has opened a brand new field of job in Pittsburgh, PA to boot to expanding its fundamental Oregon amenities and Palo Alto operations. Agility plans to double its headcount by 2024 and is actively recruiting top robotics skill spanning tool and hardware.

About Agility Robotics

Headquartered in Corvallis, Oregon, Agility Robotics makes robots that are made for work. Agility marries invent, tool, and hardware to originate robots able to doing limitless projects as section of a blended human-robot crew. For extra data about how Agility is innovating this day to construct an even bigger day after as of late, consult with agilityrobotics.com and phrase @agilityrobotics on Twitter.

About DCVC

DCVC, the leading Deep Tech mission company, backs entrepreneurs solving trillion-greenback complications to multiply the advantages of capitalism for everyone, whereas reducing its funds. For over twenty years, DCVC and its principals contain backed gleaming entrepreneurs. By applying Deep Tech, from the earliest stage and former, we pragmatically and charge-effectively sort out previously unsolvable complications in virtually every industry, especially folks who haven’t seen field materials technological growth in a protracted time. Collectively, we contain created tens of billions of dollars of charge, whereas also making the realm a markedly larger field. Visit us at dcvc.com or phrase us on Twitter @DCVC.

About Playground Global

Playground Global is an early-stage mission capital company investing in tips and entrepreneurs on the forefront of science and technology. Searching for out the advanced and never easy technical challenges, Playground invests in pioneering suggestions in artificial intelligence, automation, infrastructure, existence sciences, decarbonization and next-gen compute. Playground’s deep technical and operational expertise helps founders perform the breakthroughs considerable to originate transformational firms. Study extra at playground.world.