Agility Robotics is set to go public through a merger with Churchill Capital, valuing the company at $2.5 billion.

Agility Robotics, a pioneer in humanoid robotics, is set to merge with Churchill Capital, achieving a valuation of $2.5 billion. This merger is expected to generate over $600 million in gross proceeds, with $420 million from Churchill and $200 million from a private investment led by Foxconn.¹²⁴⁵

Founded over a decade ago as a spin-off from Oregon State University, Agility Robotics specializes in creating robots like Digit, designed for heavy lifting in warehouses and factories. The company aims to develop robots that can safely interact with humans, potentially becoming integral to daily life.

CEO Peggy Johnson noted, “We see so much interest from companies seeking to fill the labor gap,” highlighting the growing demand for automation solutions. The merger will allow Agility to list under the ticker symbol AGLT and positions it as the eighth most valuable publicly traded company in Oregon, between Columbia Sportswear and NW Natural.

The proposed listing comes at a time of heightened investor interest in automation and robotics, with Agility already securing orders for a new version of Digit that promises improved precision and safety standards.