Humanoid robotics is attracting major capital, and Agility Robotics is taking a different path to the public market. The Oregon-based company plans to go public through a merger with Churchill Capital Corp XI, a SPAC deal that values Agility at about $2.5 billion and could bring in more than $620 million in gross proceeds.
Founded in 2015 as a spinout from Oregon State University, Agility builds bipedal robots for warehouses and factories. Its flagship robot, Digit, is designed to move heavy items in human-built spaces, with hardware shaped for practical tasks rather than general-purpose showmanship. The company says its current focus is industrial deployment, not immediate home use.
CEO Peggy Johnson says the new capital will help expand production at Agility's Salem, Oregon facility and support existing customer demand. The company says it has more than $300 million in booked, multi-year revenue tied to roughly 1,000 robots under a robots-as-a-service model, with customers including GXO Logistics, Amazon, Toyota Motor Manufacturing Canada, Schaeffler, and Mercado Libre.
Johnson also emphasized that Agility's edge comes from real-world operating data and safety certification built for active industrial environments. The company uses large language models such as Claude and Gemini for the instruction layer, while keeping the physical mechanics of balance, movement, and handling at the center of its engineering strategy.
For now, Agility sees warehouses and factories as the clearest path for humanoid robotics, while the home remains a longer-term frontier. If the company executes as planned, its public debut could help define how robotics scales from specialized deployment to broader everyday use in the years ahead.
