Agility Robotics plans to go public via SPAC in a $2.5B deal
In Brief
9:48 AM PDT · June 24, 2026
Agility Robotics, the humanoid robotics startup that spun out of Oregon State University in 2015, plans to go public through a merger with special purpose acquisition company Churchill Capital Corp XI in a deal that values the company at roughly $2.5 billion.
The transaction is expected to generate more than $620 million in proceeds, including about $200 million from a group of new and existing institutional investors, the company said.
Agility is best known for Digit, a bipedal robot that is being used across nine customer sites, including with Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre.
The company has enjoyed backing from high-profile tech companies and funds like Amazon, Nvidia, SoftBank Vision Fund 2, DCVC. Now it plans to use the capital raised in the SPAC merger to increase production capacity of its next-generation Digit v5, fulfill...
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