Agile Robots, the Munich company that builds robot arms, hands and humanoids, has closed a $500 million Series F at an $8.5 billion valuation. The Agile Robots Series F was announced on Thursday, November 12, led by SoftBank Group, with NVIDIA, Hitachi Group (Hitachi and Hitachi Ventures) and T.Capital among the other investors. Agile says the round brings its total funding to $2 billion.
That price makes Agile, by its own description, the most valuable privately held robotics company in Europe. The money is for expansion in the United States, more production capacity “including in Germany,” and new markets. What the announcement gives is a factory’s maximum capacity. What it doesn’t give is how many humanoids Agile has actually delivered, and that is the number an $8.5 billion humanoid bet will eventually be judged on.
- The deal: $500 million Series F at an $8.5 billion valuation, led by SoftBank Group, with NVIDIA, Hitachi Group and T.Capital; total raised $2 billion. Announced November 12, 2026.
- The factory: Agile says its plant at Fürstenfeldbruck, near Munich, can build up to 10,000 legged and wheeled humanoids a year.
- The output: about 2,000 humanoids targeted for 2026 and two to three times that in 2027, according to Bloomberg. In September, the plant was building about ten humanoid systems a day.
- The catch: Agile hasn’t published a humanoid delivery count. Its “more than 20,000 robotic solutions” figure covers the whole company, not just humanoids.
Who is in the Agile Robots Series F
SoftBank led, and it isn’t new here. SoftBank Vision Fund 2 also led Agile’s $220 million Series C in September 2021, which Reuters reported valued the company at more than $1 billion. Five years later the price is $8.5 billion, up to eight and a half times that mark. Dennis Chang, a managing partner at SoftBank Investment Advisers, says in the release that Agile combines “deep robotics expertise with the ability to execute at industrial scale.”
The round came in smaller than first discussed. In June, about $800 million was under discussion, according to Bloomberg as relayed by The Next Web and Quartz. Agile didn’t say how the $500 million splits among investors, and it doesn’t publish audited financials. The revenue figures in circulation are the company’s own: Hannover Messe’s news service reported after Agile’s September media day that it aims to double revenue to around €600 million this year, and Robot24, citing earlier remarks by Chen, puts 2025 revenue at €300 million.
NVIDIA’s place on the list is worth a second look. It’s an investor here, and it’s also Agile’s supplier: the compact Agile ONE SN research humanoid comes with NVIDIA’s GR00T software and a Jetson Thor computer, and Agile’s Audi parts-sequencing proof of concept is modeled first in a Dassault Systèmes virtual twin built with NVIDIA Omniverse libraries. NVIDIA announced a CEO change the same day, and our funding tracker shows it in at least five other robotics rounds this year.
Capacity, output and deliveries are three different numbers
Agile’s release gives one humanoid figure: the plant it opened in early 2026 at Fürstenfeldbruck “has the capacity to produce up to 10,000 legged and wheeled humanoid robots annually.” That’s a ceiling, not production. Two other numbers fill in the picture:
- Daily rate. At Agile’s “Physical AI Media Day” in early September, the plant was making around ten humanoid systems per day, with a goal of about 2,000 units by year-end, according to Hannover Messe’s report. Final assembly of the full body was still done by hand, because of the variety of models and ongoing design changes.
- Annual target. Bloomberg, as cited by Quartz and The Next Web, reports that Agile is aiming for roughly 2,000 humanoids in 2026 and that output could run two to three times higher in 2027.
Put together, 2,000 units is 20% of the plant’s stated capacity, and at ten a day it takes about 200 production days to reach. Both are our calculations from the reported figures. Deliveries are the missing third number. Robot24 reports that Chen declined to say how many humanoids from the new factory have reached customers.
The definition matters too. Agile counts wheeled machines as humanoids. Hannover Messe describes “humanoids on four wheels,” a humanoid upper body on a mobile base, supplying the plant’s own production lines, and the company’s release itself says “legged and wheeled.” The same report quotes Agile as saying its 20,000 installed robotic solutions include “several thousand humanoid robots,” without a number or a split by type. A wheeled two-armed robot is a perfectly useful factory machine, but it’s a different product from a walking humanoid, and any 2026 total will mix the two unless Agile breaks it out. Our guide to humanoid production numbers shows the same problem with AgiBot’s and Unitree’s headline counts.
How $8.5 billion compares with other 2026 robotics rounds
We pulled the largest priced robotics rounds of 2026 from our funding tracker and this week’s announcements. Valuations are the company’s own figure unless marked.
| Date (2026) | Company | Round | Valuation | What it sells today |
|---|---|---|---|---|
| Jan 14 | Skild AI | Close to $1.4 billion | Over $14 billion | Robot AI models |
| Nov 12 | Agile Robots | $500 million Series F | $8.5 billion | Arms, hands, automation cells; humanoids in early production |
| Jun 10 | NEURA Robotics | Series C, “up to $1.4 billion” | Not disclosed (about $7 billion reported) | Cobots; humanoids in development |
| Aug 24 | XPENG robotics business | More than $900 million | More than $6.3 billion post-money | IRON humanoid, not yet on sale |
| Oct 26 | Bedrock Robotics | $600 million Series C | $4.1 billion post-money | Autonomy for excavators |
| Nov 10 | Path Robotics | $300 million Series E | $2.45 billion post-money | AI welding cells |
| Jul 21 | Humanoid (UK) | $152 million Series A | $1.35 billion post-money | HMND 01 humanoid |
Sources: company releases linked in our robotics funding tracker, Agile’s release and our Path Robotics and Bedrock Robotics posts. NEURA’s valuation is from The Next Web, not NEURA.
Our take: investors are pricing an industrial company with a humanoid option
The table explains Agile’s number better than the humanoid factory does. Unlike most companies on that list, Agile already has a large hardware business behind it: more than 20,000 installed robotic solutions, subsidiaries including the research-arm maker Franka Robotics and the integrator Krause Automation, which it recently acquired from thyssenkrupp, and more than 3,500 staff, by its own count. Compare that with Agility Robotics, which began trading on Nasdaq on November 5 on the strength of Digit orders that are still subject to milestones. Agile’s valuation rests in large part on a business that already earns revenue. The humanoid line is the upside.
That also means the $8.5 billion doesn’t prove anything yet about humanoids. The published evidence is a lab proof of concept at Audi with no results, a research robot (the ONE SN) due in early 2027 with no price, and a factory whose output Agile describes in targets. Our view: the funding is good news for Europe’s robotics supply chain, and SoftBank and NVIDIA betting together is a strong signal of where they see demand. But until Agile reports delivered humanoids, split by legged and wheeled, readers should treat the 10,000-unit figure as plant capacity and the 2,000 as a goal.
Three things would change that read. A delivered-humanoid count for 2026. Published results from the Audi project in Ingolstadt. And details of the U.S. expansion: Chen told a German outlet the next plant would likely be in the United States, Robot24 reports, without a site, budget or date. Chen has also said the funding puts Agile in a stronger position to consider an IPO, according to The Next Web, citing the New York Times. There’s no timeline.
Frequently asked questions
How much did Agile Robots raise in its Series F?
Agile Robots raised $500 million in a Series F announced November 12, 2026. SoftBank Group led the round, with NVIDIA, Hitachi Group (Hitachi and Hitachi Ventures) and T.Capital among the other investors. Agile says its total funding is now $2 billion.
What is Agile Robots worth?
The Series F values Agile Robots at $8.5 billion, according to the company. SoftBank Vision Fund 2 led its $220 million Series C in 2021, when Reuters reported a valuation of more than $1 billion.
How many humanoid robots does Agile Robots make?
Agile says its Fürstenfeldbruck plant can build up to 10,000 legged and wheeled humanoids a year. Bloomberg reports a target of about 2,000 humanoids in 2026. Agile hasn’t disclosed how many humanoids it has delivered to customers.
Is Agile Robots a humanoid company?
Partly. Agile Robots was founded in 2018 as a spin-off of the German Aerospace Center (DLR) and sells robot arms, hands, mobile robots and automation systems, and says it has installed more than 20,000 robotic solutions. Its Agile ONE humanoid line is newer and in early production.
Is Agile Robots going public?
Not yet. CEO Zhaopeng Chen has said the new funding puts Agile in a stronger position to consider an IPO, according to The Next Web, citing the New York Times. No timeline or exchange has been announced.
Sources
- Agile Robots: “Physical AI leader Agile Robots raises $500 million Series F at $8.5 billion valuation to accelerate global growth,” November 12, 2026
- The Next Web: “SoftBank leads $500M round valuing Agile Robots at $8.5B,” November 12, 2026
- Quartz: “SoftBank led $500 million round valuing Agile Robots at $8.5 billion,” by Cris Tolomia, November 12, 2026
- Robot24: “Agile Robots Raises $500M at $8.5B Valuation, Eyes U.S. Factory,” November 12, 2026
- Hannover Messe: “Thousands of Humanoids from Fürstenfeldbruck,” September 2026
- Reuters: “German-Chinese startup Agile Robots raises $220 million from investors,” September 9, 2021
- Agile Robots on YouTube: “From lab to line: six months to a humanoid factory,” September 24, 2026
All sources accessed November 13, 2026.
Last updated: November 13, 2026. To report an error, see our corrections page. See our editorial policy.
