Agility Robotics revealed on June 24 that it will go public through a merger with special purpose acquisition company Churchill Capital Corp XI in a SPAC transaction valued at about $2.5 billion [1, 2, 3]. The combined company will trade on Nasdaq under the ticker symbol AGLT [2, 3, 4].
The SPAC deal is expected to raise more than $600 million in proceeds, including over $200 million from institutional investors [2, 3, 5]. Agility plans to use the capital to expand production of its next-generation humanoid robot Digit v5, fulfill existing orders, and grow customer deployments [2, 3, 6]. Digit v5 development is scheduled to be completed this year with scaled production beginning in 2027, featuring cost reductions [4, 6, 7].
Digit, Agility Robotics’ main product, is a bipedal humanoid robot already operating in logistics, warehousing, and manufacturing settings at nine customer sites [2, 3, 6]. By the end of 2025, Digit robots had completed over 100,000 successful box handling tasks in real client environments [6, 7, 8]. Agility has contracted Robot-as-a-Service deployments with Toyota Motor Manufacturing Canada, increasing units there from three to 10 [6, 7, 8].
Agility CEO Peggy Johnson said, "Humanoid robots are poised to become a critical driver of productivity, supply chain resilience, and American technology leadership," adding the company is helping enterprises address labor shortages and safely integrate AI-powered automation today [2]. Co-founder Jonathan Hurst noted, "We're hitting now as a first mover, which is really important, and we want to be defining the humanoid industry." [3]
The company was spun out from Oregon State University in 2015 and has attracted investment from Amazon, NVIDIA, SoftBank Vision Fund 2, DCVC, Sony, Foxconn, and Taiwan’s Norye Group through subsidiaries Canon and Norye Asia [2, 3, 4]. Norye Asia and Canon have invested $20 million total, including $10 million invested earlier in 2025 and an additional $10 million planned with the SPAC round [4, 6, 7]. Agility founders have collaborated with Taiwanese firms to develop vision modules for the humanoid robot [4, 6, 7].
Recent cooperation with NVIDIA integrates the next-generation Digit into NVIDIA Halos AI safety framework and accelerates training of control strategies using NVIDIA GPUs [6, 7, 5].
While the SPAC deal values Agility Robotics at $2.5 billion, market estimates place the current valuation around $11 billion with predictions to exceed $15 billion after the IPO due to strong investor demand and global competition in humanoid robotics [4, 6, 5].
Agility Robotics expects to complete its Nasdaq listing and commence trading by September 2026 [4, 6, 7]. Digit v5 development is set to finish later this year, with scaled production starting in 2027 [4, 6, 7].
