Agility Robotics goes public via SPAC in $2.5B deal for Digit humanoid

Agility Robotics, the Oregon State University spinout behind humanoid robot Digit, is going public via a SPAC merger with Churchill Capital Corp XI at a valuation of roughly $2.5 billion. The transaction is expected to yield over $620 million in proceeds, including about $200 million from new and existing institutional investors. The company is best known for Digit, a bipedal robot already operating across nine customer sites including Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre. Major backers include Amazon, Nvidia, SoftBank Vision Fund 2, and DCVC. Agility plans to use the capital to ramp production of its next-generation Digit v5, fulfill more than $300 million in multi-year orders, and expand its customer base from a pipeline of over 30 companies evaluating large-scale deployments.

CEO Peggy Johnson emphasized the strategic importance of humanoid robots for productivity, supply chain resilience, and American tech leadership. Agility is among the first companies to have commercial humanoids in real-world environments, addressing labor shortages and enabling AI-powered automation. The combined entity will trade under ticker AGLT on a North American exchange (not yet announced). The move signals growing investor confidence in physical AI and marks a milestone for the humanoid robotics sector, which is attracting billions in capital from both corporate and public markets.