via TechCrunch AI
Agility Robotics Targets Public Listing via $2.5B SPAC Merger
Agility Robotics, the humanoid robotics company spun out of Oregon State University in 2015, has announced plans to go public through a merger with special purpose acquisition company Churchill Capital Corp XI. The deal values the company at approximately $2.5 billion.
The transaction is expected to generate over $620 million in proceeds, including roughly $200 million from a group of new and existing institutional investors, according to the company.
Agility Robotics is best known for Digit, a bipedal robot currently deployed across nine customer sites. Notable users include Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. In early 2026, Toyota hired seven Agility humanoid robots for its Canadian factory, signaling growing industrial adoption.
The company has attracted investment from major tech firms and funds, including Amazon, Nvidia, SoftBank Vision Fund 2, and DCVC. Agility plans to use the capital raised from the SPAC merger to ramp up production of its next-generation Digit v5, fulfill existing orders, and expand its customer base.
According to the company, it has secured over $300 million in multi-year orders for the new Digit v5 model and maintains a pipeline of more than 30 potential customers evaluating large-scale deployments.
“Humanoid robots are poised to become a critical driver of productivity, supply chain resilience, and American technology leadership,” said Agility CEO Peggy Johnson in a statement. “With commercially deployed humanoids already operating in customer environments today, Agility is helping enterprises address labor shortages, improve efficiency, and safely integrate AI-powered automation into their operations.”
The combined company is expected to trade under the ticker symbol AGLT on a North American stock exchange, which has yet to be announced.