Agility, Maker of Humanlike Robots, to Go Public in $2.5 Billion SPAC Deal

Agility Robotics, known for its bipedal Digit robot designed for factory and warehouse tasks, is planning to go public via a Special Purpose Acquisition Company (SPAC) merger. This deal values the company at around $2.5 billion. The transaction is expected to generate over $600 million in gross proceeds, including $420 million from Michael Klein's Churchill Capital Corp. XI SPAC and an additional $200 million-plus from a private investment in common stock (PIPE) led by Foxconn, who is already an investor.

This move represents a significant step up from Agility's last private valuation of approximately $2.12 billion following a $400 million Series C funding round in March 2025. The company has raised over $640 million in total private funding. Once the merger is complete, the combined entity will trade under the ticker symbol AGLT. Current investors in Agility Robotics include Amazon, Nvidia, and SoftBank.

Agility Robotics aims to capitalize on increasing demand for industrial automation and address labor shortages. According to CEO Peggy Johnson, going public now will give Agility an advantage over other independent humanoid robotics companies by attracting private investors and fulfilling the need from companies seeking automation solutions. The company's plant in Salem, Oregon, is projected to produce 10,000 Digit robots per year once fully operational. Agility offers its Digit robots on a robots-as-a-service model, providing recurring revenue and lowering adoption barriers for logistics operators.

Agility's Digit robots are designed for repetitive warehouse tasks such as moving totes and stacking containers. The company highlights commercial deployments, including moving over 100,000 totes in a GXO Logistics warehouse and securing a multi-year robots-as-a-service contract. Although the $2.5 billion valuation is a bet on future potential, especially given fewer than 100 commercial deployments, it reflects confidence in the company's ability to scale and the market's interest in proven humanoid robotics solutions. The proceeds will be used to scale manufacturing, expand sales, and continue R&D efforts. Agility also plans to implement a new security protocol for robotics announced by Nvidia.