Asian Tech Press (Sep 10) -- German-Chinese startup Agile Robots AG announced Friday that it has recently closed a $220 million Series C round of funding led by Japan's SoftBank Vision Fund 2 (SVF 2).

Follow-on financial investors include Chimera Investments LLC under Abu Dhabi's Royal Group, GL Ventures, Sequoia China and Linear Capital, while strategic investors include Xiaomi Corp, Foxconn Industrial Internet (Fii), and Midas Investment Co., Ltd., founded by former Foxconn executives.

The startup said Agile Robots is the biggest smart robotics company in China invested by SVF 2 as of now, and also the world's top company in total funding for smart robotics in 2020.

With the round of funding, the AI startup has been valued at more than $1 billion, placing it among the ranks of unicorns.

In addition, the company said the funds will be used primarily for the company's product development, mass production and global sales business expansion.

Founded in 2018, Agile Robots has set up dual headquarters in Munich, Germany, and Beijing, China, focusing on the creation of intelligent robot software and hardware systems.