Humanoid robotics company Agility Robotics is preparing to enter the public markets through a merger with Churchill Capital Corp XI, in a transaction that values the startup at about $2.5 billion.
The deal is expected to bring in more than $620 million in proceeds, including roughly $200 million from new and existing institutional investors. Founded after spinning out of Oregon State University in 2015, Agility has built its reputation around Digit, a bipedal robot already operating at nine customer sites.
Those deployments include work with Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. Backed over time by investors such as Amazon, Nvidia, SoftBank Vision Fund 2, and DCVC, the company now plans to use the new capital to expand production of Digit v5, complete current orders, and reach more enterprise customers.
Agility says it has secured more than $300 million in multi-year orders for the new model and is also tracking a pipeline of over 30 potential customers evaluating larger rollouts. The combined company is expected to trade under the ticker AGLT on a North American exchange yet to be announced.
This move highlights how humanoid robotics is moving closer to mainstream industrial use, with potential to shape the next phase of automation and productivity.
