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Kirsten Korosec
Wed, June 24, 2026 astatine 11:48 AM CDT 1 min read
Agility Robotics, the humanoid robotics startup that spun retired of Oregon State University successful 2015, plans to spell nationalist done a merger with peculiar intent acquisition institution Churchill Capital Corp XI successful a woody that values the institution astatine astir $2.5 billion.
The transaction is expected to make much than $620 cardinal successful proceeds, including astir $200 cardinal from a radical of caller and existing organization investors, the institution said.
Agility is champion known for Digit, a bipedal robot that is being utilized crossed 9 lawsuit sites, including with Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre.
The institution has enjoyed backing from high-profile tech companies and funds similar Amazon, Nvidia, SoftBank Vision Fund 2, DCVC. Now it plans to usage the superior raised successful the SPAC merger to summation accumulation capableness of its next-generation Digit v5, fulfill existing orders, and grow to caller and existing customers.
The institution said it has secured much than $300 cardinal successful multi-year orders for the caller exemplary and a pipeline of much than 30 imaginable customers evaluating large-scale deployments.
"Humanoid robots are poised to go a captious operator of productivity, proviso concatenation resilience, and American exertion leadership," Agility CEO Peggy Johnson said successful a statement. "With commercially deployed humanoids already operating successful lawsuit environments today, Agility is helping enterprises code labour shortages, amended efficiency, and safely integrate AI-powered automation into their operations."
The combined institution is expected to commercialized nether the ticker awesome AGLT connected a North American banal speech that has not yet been announced.
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