Agility Robotics, the Oregon-based company behind the Digit humanoid robot, is heading to public markets through a SPAC merger with Churchill Capital Corp XI. The deal values the robotics firm at approximately $2.5 billion.
The transaction is expected to generate over $600 million in gross proceeds. That includes $420 million sitting in the SPAC’s trust and upwards of $200 million from a Private Investment in Public Equity financing led by existing investor Foxconn.
Once the merger closes, the combined company will trade under the ticker symbol AGLT. For a company that has deployed fewer than 100 robots commercially, the valuation is a serious bet on what humanoid robotics could become rather than what it is today.
The numbers behind the deal
Agility has raised roughly $640 million in private funding to date. Its most recent round, a $400 million Series C completed in 2025, carried a post-money valuation of around $2.1 billion. The SPAC deal’s $2.5 billion valuation represents a meaningful step up from that benchmark, roughly a 19% premium over the last private round.
