Agility Robotics company profile: valuation, funding & revenue

This Agility Robotics company profile covers the company's valuation, revenue, funding rounds, investors and history. Agility Robotics works in robotics, with a focus on humanoid robots for logistics. It was founded in 2015 and is headquartered in Salem, Oregon, United States. Its latest valuation on record is US$2.5 billion pre-money equity value (SPAC agreement) (June 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

Agility Robotics timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2015 — Agility Robotics is founded in Salem by Damion Shelton and Jonathan Hurst; CEO Peggy Johnson.
• 2025 — Series C: About US$400M, valuing the company at About US$2.1B (reported).
• Jun 2026 — SPAC merger agreement: More than US$620M expected (trust plus PIPE), valuing the company at US$2.5B (pre-money equity value). Investors: Churchill Capital Corp XI; PIPE led by Foxconn.
• June 2026 — Expected SPAC proceeds: More than US$620 million, including a US$200 million PIPE led by Foxconn.
• June 2026 — Committed orders (company claim): More than US$300 million for Digit v5, from one customer's three-year contract for 1,000 robots (per filings).

Investors

Agility Robotics makes Digit, a humanoid robot built to move totes and boxes in warehouses and factories. In June 2026 it agreed to go public by merging with a special purpose acquisition company, Churchill Capital Corp XI, at a US$2.5 billion pre-money equity value, in a deal expected to raise more than US$620 million. Until the merger closes it remains private. This profile explains Agility's deal, its business, customers and the risks of being one of the first humanoid companies on the stock market.

The SPAC deal and valuation

Agility and Churchill Capital Corp XI signed a definitive merger agreement valuing Agility at US$2.5 billion before new money, according to The Next Web and Robotics 24/7. The combined company is expected to trade under the ticker AGLT once the deal closes, subject to a shareholder vote and SEC review. Gross proceeds are expected to exceed US$620 million: about US$420 million from Churchill's trust account, if shareholders do not redeem, plus a US$200 million private placement priced at US$10 a share and led by Foxconn, the electronics manufacturer.

Agility's last private round was a Series C of about US$400 million in 2025, reported at roughly US$2.1 billion, according to FreightWaves and other reports, so the SPAC price is a modest premium of about 19%.

Digit and how it is used

Digit has legs designed like a bird's, with knees that bend backwards, a torso and two arms with simple grippers rather than human-like hands. It is built for a specific job: picking up plastic totes, carrying them and placing them on conveyors or shelves, a repetitive task found in almost every warehouse and factory. Rather than replacing whole facilities, Digit fits into existing spaces designed for people.

Agility sells Digit as a service, with customers paying for robot capacity rather than buying machines outright. It runs Arc, a cloud platform for managing fleets of robots and integrating them with warehouse systems. Reports differ on deployment numbers, with figures ranging from robots at nine customer sites, including Schaeffler and GXO, to nearly 100 Digits in commercial use. The proceeds will fund production of Digit v5, the next version.

Orders: what the filings show

Agility has said it has more than US$300 million of committed orders for Digit v5. The Rundown reported that filings show this comes from a single undisclosed customer's three-year contract for 1,000 robots. That is a large order for a humanoid company, but it also means revenue is concentrated, a point public investors will weigh carefully.

History and leadership

Agility was spun out of Oregon State University in 2015 by Damion Shelton and Jonathan Hurst, building on Hurst's research into legged locomotion. It is based in Salem, Oregon, where it opened RoboFab, a factory designed to build thousands of humanoids a year. Peggy Johnson, a former Microsoft and Magic Leap executive, became chief executive in 2024. Investors have included Amazon's Industrial Innovation Fund, DCVC, Playground Global and WP Global.

Why go public through a SPAC

A SPAC is a listed shell company that raises money from investors and then merges with a private company, taking it public without a traditional IPO. It can be faster and lets the company provide forward-looking projections, but SPAC listings have a mixed track record, and shareholders in the shell can redeem their money before the merger, reducing proceeds. For Agility, a listing provides capital for manufacturing and a public currency, but it also brings quarterly scrutiny at an early stage of the humanoid market.

Competitive landscape

Agility competes with Figure AI, Tesla's Optimus, Apptronik, Boston Dynamics, 1X and Chinese makers including Unitree and UBTech, as well as with non-humanoid warehouse robots from companies such as Symbotic and Locus. Its advantage is real commercial deployments and a narrow, practical use case. See our humanoid robot companies guide.

Risks

• Customer concentration: a single customer accounts for its headline order backlog.
• Redemptions: SPAC shareholders may withdraw cash, cutting proceeds below US$620 million.
• Manufacturing: scaling RoboFab and Digit v5 production is costly.
• Competition: rivals with larger budgets promise more general-purpose robots.
• Deal risk: the merger needs approvals and could be delayed or fail.

Questions for investors

• How many Digits are deployed and generating revenue?
• What are unit costs and gross margins on Digit v5?
• Who is the large customer, and what are the contract's terms?
• How much cash will remain after redemptions?

Timeline in brief

• 2015: spun out of Oregon State University.
• 2023: opens RoboFab in Salem.
• 2024: Peggy Johnson becomes CEO; commercial deployments expand.
• 2025: about US$400 million Series C at roughly US$2.1 billion (reported).
• June 2026: agrees SPAC merger with Churchill Capital Corp XI at US$2.5 billion.

Agility Robotics at a glance

Agility Robotics is a Salem, Oregon humanoid robot company founded in 2015 by Damion Shelton and Jonathan Hurst and led by CEO Peggy Johnson. Its Digit robot moves totes in warehouses and factories. In June 2026 it agreed to merge with Churchill Capital Corp XI at a US$2.5 billion pre-money equity value, with expected proceeds above US$620 million including a Foxconn-led PIPE, and plans to trade as AGLT.

What to watch

Watch for the shareholder vote and closing, redemption levels, Digit v5 production and new customers. Our upcoming tech IPOs guide tracks the listing.

Takeaways

Agility is poised to become one of the first publicly traded humanoid robot makers. Its focused warehouse use case and real deployments are strengths; customer concentration and the economics of scaling production are what public investors will test.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. The Next Web
2. The Rundown
3. FreightWaves