Agility Robotics, an Oregon-based humanoid robotics startup spun out of Oregon State University in 2015, said on June 25 it planned to go public through a merger with Churchill Capital Corp XI.

The deal that values the company at about US$2.5 billion and is expected to bring in more than US$620 million in gross proceeds.

The deal includes about US$200 million from new and existing institutional investors.

Churchill Capital Corp XI is a publicly traded special purpose acquisition company listed on Nasdaq as CCXI. The combined company is expected to trade as AGLT on a North American exchange.

Agility said its bipedal robot Digit was being used at nine customer sites, including Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre.

The company also said it had secured more than US$300 million in multi-year orders for Digit v5.

Agility said the proceeds would help fulfill existing orders, expand deployments, and scale production at its Salem, Oregon, RoboFab facility. It is designed to produce up to 10,000 robots a year.

In April 2025, Agility was reportedly seeking funding at a pre-investment valuation of US$1.75 billion.

🔗 Source: TechCrunch