Funding round
Agility Robotics Series A
Agility Robotics, which works in humanoid robot manufacturing in Pittsburgh, raised $8.0M in a Series A round announced on 22 Mar 2018, led by Playground. 3 firms took part, 1 of them already investors. It is Agility Robotics' first venture round on record.
$8.0M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Agility Robotics did not disclose a valuation in this round. It is Agility Robotics' first venture round on record, 3 years after it was founded in 2015. It is 1.4% of the $558M Agility Robotics has raised in the venture rounds on record. Agility Robotics raised again 49 months later: a Series B round of $150M in Apr 2022. Its next priced round, a Series C in Mar 2025, valued it at $2.12B.
Investors
Who put money in
Playground led the round with 2 other firms. The Robotics Hub had backed Agility Robotics before.
Lead investor
- backs 51 venture-backed companies new investor
Also in the round
- backs 83 venture-backed companies new investor
- backs 2 venture-backed companies existing investor
Joined the board: Bruce Leak (Playground Global).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
14 Series A rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $7.8M, and this round was close to the median. The closest in time, other companies' Series A rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 15 Feb 2018 | $20M | not disclosed | Playground |
| Industrial Machinery & Supplies | 13 Feb 2018 | $9.0M | not disclosed | Upfront Ventures |
| Industrial Machinery & Supplies | 24 Jan 2018 | $2.5M | not disclosed | Flyover Capital |
| Industrial Machinery & Supplies | 23 Jun 2018 | undisclosed | not disclosed | CWB Capital |
| Industrial Machinery & Supplies | 11 Oct 2017 | $6.4M | not disclosed | OCA Ventures |
| Industrial Machinery & Supplies | 6 Sep 2018 | $5.0M | not disclosed | not named |
| Industrial Machinery & Supplies | 5 Sep 2017 | $2.2M | not disclosed | not named |
| Industrial Machinery & Supplies | 1 Oct 2018 | undisclosed | not disclosed | Guoke Jiahe |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Agility Robotics raise in its Series A round?
Agility Robotics raised $8.0M in its Series A round, announced in Mar 2018.
Who led Agility Robotics' Series A round?
Playground led it, with Sony Innovation Fund and The Robotics Hub.
What was Agility Robotics' valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Industrial Machinery & Supplies?
14 Series A rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $7.8M, and this round was close to the median.
Did Agility Robotics raise again after this round?
Yes: a Series B round in Apr 2022 of $150M.