Agility Robotics, manufacturer of robots designed to work alongside people in logistics and warehouse environments, has raised $150 million. This capital will be used to accelerate Agility’s R&D and scale its robot production.
“Unprecedented consumer and corporate demand have created an extraordinary need for robots to support people in the workplace,” said Damion Shelton, CEO of Agility Robotics. “With this investment, Agility can ramp up the delivery of robots to fill roles where there’s an unmet need.”
“Agility is set to make a powerful impact, developing and shipping robots that are built to co-exist seamlessly in our lives,” said Bruce Leak, General Partner, Playground Global. “Since Agility’s earliest days, we’ve believed their unique technical approach stands alone in being able to deliver on the promise of practical everyday robots.”
Agility’s approach is to combine design, software, and hardware to power robots that can manage tasks as part of a blended workforce. Despite the conventional wisdom that many industry problems have been addressed by automation, the company says, most robotics technologies today are purpose-built for single tasks, making them inflexible, expensive, and quickly obsolete. Agility claims its robots are built to be versatile, cost-effective, and durable helpers to people.
“We’re deepening our investment in Agility Robotics because their robots solve the labor shortages plaguing businesses and wreaking havoc on supply chains,” said Matt Ocko, Co-Managing Partner, DCVC. “Agility’s robots are designed to free people from repetitive or unpleasant tasks, allowing them to take on the more fulfilling work they can do better than any robot.”