Agility Robotics plans to go public via SPAC in a $2.5B deal
Humanoid robotics startup Agility Robotics aims to go public through a $2.5 billion SPAC merger with Churchill Capital Corp XI.Summary
Agility Robotics, a startup specializing in humanoid robots, has announced plans to go public by merging with the special purpose acquisition company (SPAC) Churchill Capital Corp XI, valuing the firm at approximately $2.5 billion. The transaction is projected to raise over $620 million, which will be used to scale production of the company’s Digit v5 robot and support enterprise deployments.
Known for its bipedal robot Digit, Agility Robotics currently has units operating at nine customer sites, including partners like Amazon and Nvidia. CEO Peggy Johnson emphasized that the new funding will help the company address labor shortages and integrate AI-powered automation across global supply chains as it prepares to list under the ticker symbol AGLT.
(Source：TechCrunch)