tech
Agility Robotics is headed to Wall Street
Agility Robotics aims to go public via a $2.5 billion SPAC merger, focusing on expanding its humanoid Digit robots.
TL;DR
- Agility Robotics plans to go public via a SPAC merger with Churchill Capital Corp XI, valuing the company at $2.5 billion.
- The deal is expected to generate over $600 million in gross proceeds, with investments from Churchill XI, Foxconn, DCVC, Nvidia, Amazon, and SoftBank.
- Funds raised will be used to fulfill existing orders, expand deployments, and scale production of the Digit v5 humanoid robot.
- Digit robots are designed for repetitive physical tasks and have already been deployed in nine customer facilities, including Amazon and Toyota.
- Agility aims to develop robots safe enough to operate without physical barriers between them and human workers.
- The company is collaborating with Nvidia on a safety system for its humanoids.