Funding round
Agility Robotics Series B
Agility Robotics, which works in humanoid robot manufacturing in Pittsburgh, raised $150M in a Series B round announced on 22 Apr 2022, led by DCVC and Playground. 9 firms took part, 7 of them already investors. It is Agility Robotics' second venture round on record; the one before was a Series A in Mar 2018.
$150M
Amount raised
Not disclosed
Post-money valuation
9
Investors
2 leads
Valuation
What this round says about the price
Agility Robotics did not disclose a valuation in this round. It came 49 months after Agility Robotics' Series A. It is 27% of the $558M Agility Robotics has raised in the venture rounds on record. Agility Robotics raised again 35 months later: a Series C round of $400M in Mar 2025, at $2.12B post-money.
Investors
Who put money in
DCVC and Playground led the round with 7 other firms. DCVC, MFV Partners, ITIC and The Robotics Hub and 3 more had backed Agility Robotics before.
Lead investors
- DCVC backs 171 venture-backed companies existing investor
- backs 51 venture-backed companies new investor
Also in the round
- Amazon Industrial Innovation Fund new investor
- backs 7 venture-backed companies existing investor
- backs 11 venture-backed companies existing investor
- backs 2 venture-backed companies existing investor
- backs 33 venture-backed companies existing investor
- backs 83 venture-backed companies existing investor
- backs 28 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
25 Series B rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $33M, and this round was 4.5 times the median. The closest in time, other companies' Series B rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 14 Apr 2022 | $45M | not disclosed | Fenice Investment Group |
| Unitree Robotics Industrial Machinery & Supplies | 1 Apr 2022 | undisclosed | not disclosed | Matrix Partners China and Dunhong Capital |
| Industrial Machinery & Supplies | 15 Mar 2022 | $81M | $504M | IMM Investment |
| Industrial Machinery & Supplies | 1 Mar 2022 | $50M | not disclosed | Source Code Capital |
| Industrial Machinery & Supplies | 10 May 2022 | $45M | $250M | Scale Venture Partners |
| Electric Hydrogen Industrial Machinery & Supplies | 22 Jun 2022 | $198M | not disclosed | Fifth Wall Climate Technology Fund |
| Industrial Machinery & Supplies | 15 Feb 2022 | $132M | $270M | Reliance Industries |
| Industrial Machinery & Supplies | 15 Jun 2022 | $40M | not disclosed | Capital Today |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Agility Robotics raise in its Series B round?
Agility Robotics raised $150M in its Series B round, announced in Apr 2022.
Who led Agility Robotics' Series B round?
DCVC and Playground led it, with Amazon Industrial Innovation Fund, MFV Partners, ITIC, The Robotics Hub and Safar Partners and 2 more.
What was Agility Robotics' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Industrial Machinery & Supplies?
25 Series B rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $33M, and this round was 4.5 times the median.
Did Agility Robotics raise again after this round?
Yes: a Series C round in Mar 2025 of $400M at $2.12B post-money.