Word around the campfire is that bipedal robot startup Agility Robotics is chasing another $150 million round that would value the company in the unicorn range of $1 billion. Bloomberg broke the news.
The deal is being led by investment firm DCVC, said one of the people, who asked to remain anonymous discussing private information. It will value the startup at about $1 billion, including dollars raised, according to another person. The company declined to comment on the deal or its valuation. DCVC did not immediately respond to a request for comment.
The cash influx comes as Agility prepares to roll out its fourth generation of robot, which helps businesses stock and manage inventory in warehouses. The startup, which spun out of Oregon State University, now has robots working at a warehouse containing products made by clothing brand Spanx, and has technology in testing at Amazon.com Inc. facilities. That makes Agility one of the few humanoid-bot companies with machines currently performing useful tasks for customers.
More on this story as it develops.
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[…] Robot unicorn: Agility Robotics said to be chasing a $150M round at $1B valuation […]