Agility Robotics goes public at a $2.5B valuation, and its humanoid robots are already working in warehouses — TFN

Agility Robotics is going public via a SPAC merger with Churchill Capital Corp XI at a $2.5B valuation, with more than $620M in expected gross proceeds.

Unlike every other humanoid robotics company, Agility already has robots working in live commercial environments — across nine customer facilities, accumulating more than 65,000 hours of operation.

Foxconn, the manufacturer behind the iPhone, is leading the PIPE investment — a signal that humanoid robotics is entering a scale-manufacturing phase, not just a research phase.

In most robotics companies, the robots live in videos. At Agility Robotics, they live in warehouses. That distinction is about to become worth $2.5B.

The Oregon-based company announced that it will go public through a merger with blank-check vehicle Churchill Capital Corp XI. The transaction is expected to generate more than $620M in gross proceeds, including $420M from Churchill XI’s trust account and roughly $200M through a private investment in public equity led by Foxconn.