Humanoid Robotics Startup Agility is Raising $400 Million

Agility Robotics, a humanoid robot maker led by former Microsoft executive Peggy Johnson, is raising $400 million at a pre-investment valuation of $1.75 billion, according to a person who has seen the term sheet. The financing demonstrates how advances in artificial intelligence have sparked intensifying interest in the sector from investors as well as large AI developers including OpenAI and Meta Platforms.

The venture arm of private equity firm WP Global is leading the Agility fundraising, and SoftBank is also participating, this person said. SoftBank has been a frequent investor in robotics firms, including in Skild AI, and has lately agreed to invest in OpenAI and Stargate, a data center project with OpenAI.