Agility Robotics said it will go public through a merger with special purpose acquisition company Churchill Capital Corp XI, in a deal that values the humanoid robot developer at about $2.5 billion. The transaction is expected to provide more than $620 million in funding, including roughly $200 million raised from new and existing institutional investors.
Founded in 2015 as a spinout from Oregon State University, Agility Robotics has focused on bringing humanoid robots into real commercial settings. Its flagship robot, Digit, is already operating at nine customer sites, where it is used for warehouse movement and logistics tasks. Named customers include Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre.
Digit moves beyond demos into active operations
Digit is designed with two arms and two legs, allowing it to walk, bend, and handle goods in spaces built for human workers. That matters. Agility says the robot can be introduced into existing facilities without major changes to plant layouts or workflow design, making it easier to fit into current warehouse and manufacturing processes.
The company also said it has secured more than $300 million in multiyear orders for the next-generation Digit v5 platform. In addition, more than 30 prospective customers are evaluating larger-scale deployments. Proceeds from the SPAC transaction are expected to support production expansion for Digit v5, fulfillment of current orders, and customer growth.
Backers include Amazon, Nvidia, and SoftBank
Agility Robotics counts several major technology and investment groups among its shareholders, including Amazon Industrial Innovation Fund, Nvidia, SoftBank Vision Fund 2, and DCVC. According to the source material, these investors bring not only capital but also strategic links in simulation tools, AI computing, and logistics automation.
Chief Executive Officer Peggy Johnson said humanoid robots are becoming an important driver of productivity, supply chain resilience, and U.S. technology leadership. She said commercial deployments in customer environments are helping companies address labor shortages, improve efficiency, and introduce AI automation into operations with a stronger focus on safety.
Combined company plans to trade under AGLT
After the merger closes, the combined company is expected to trade under the ticker AGLT on a North American stock exchange, though the specific venue has not been disclosed. The deal stands out in a SPAC market that has seen sharp swings over the past two years, largely because Agility Robotics is entering the public market with commercial deployments, active orders, and operating customers already in place.
Based on the disclosed details, the story centers on two points: Digit has already moved into working environments, and Agility Robotics is now using the public markets to fund capacity growth and production scale-up. The market focus, at least for now, is less about concept videos and more about manufacturing output and order delivery.