Prime Highlights
- Agility Robotics plans to go public through a merger with Churchill Capital Corp XI, valuing the company at about $2.5 billion.
- The deal is expected to generate more than $600 million to support growth and product development.
Key Facts
- Funding includes $420 million from Churchill Capital and over $200 million from a Foxconn-led investment round.
- The company has secured orders for its next-generation Digit humanoid robot ahead of launch.
Background
Agility Robotics, the Oregon-based maker of humanoid robots, is set to go public through a merger with Churchill Capital Corp XI in a deal that values the startup at around $2.5 billion, the Wall Street Journal reported, citing company executives.
The transaction is expected to generate gross proceeds of more than $600 million. The funding package combines $420 million held by Churchill Capital Corp XI with more than $200 million from an investment round led by Foxconn.
The combined company will trade on public markets under the ticker symbol AGLT. Agility Robotics builds commercially deployable humanoid robots under the Digit brand. The company has already secured orders for a next-generation version of Digit, which it is currently developing.
The new version of Digit is being developed to handle smaller objects more accurately while meeting stricter safety requirements.
The SPAC route gives Agility Robotics a faster path to public markets at a time when investor appetite for robotics and artificial intelligence-adjacent technology remains strong.
Foxconn’s involvement as the lead private investor adds manufacturing credibility to the deal, given the Taiwanese company’s deep roots in large-scale hardware production.
Reuters said it could not independently verify the report at the time of publication, and neither Agility Robotics nor Churchill Capital Corp XI responded to requests for comment outside business hours.
The deal reflects growing confidence among investors in humanoid robotics as a commercially viable sector, with several startups racing to bring deployable robots to warehouse, logistics and industrial environments at scale.