Nvidia-Backed Humanoid Maker Agility Goes Public in First for the US
Top line
Agility Robotics is becoming the first dedicated humanoid robot company to go public in the US, trading on Nasdaq under the ticker "AGLT" with backing from major technology and manufacturing firms.
Summary
Agility Robotics Inc. is going public on the Nasdaq under the ticker "AGLT" through a merger with Churchill Capital Corp. XI, marking the first time a dedicated US humanoid robot company has gone public. Backed by major technology and manufacturing investors including Foxconn, Nvidia, Amazon, and SoftBank, the Oregon-based startup enters the public market with roughly $465 million in funding. Led by CEO Peggy Johnson, the company aims to address growing manufacturing and warehouse labor gaps by scaling the deployment of its advanced Digit 5 humanoid, which is capable of performing complex tasks safely alongside human workers.
Highlights
- Agility Robotics Inc. is becoming the first dedicated humanoid robot company to go public in the United States, trading on the Nasdaq under the ticker symbol "AGLT" after merging with special purpose acquisition company Churchill Capital Corp. XI.
- The startup has approximately $465 million on hand before expenses, which includes a roughly $201 million public investment in private equity led by Foxconn, alongside investments from Nvidia Corp., Amazon.com Inc., and SoftBank Vision Fund 2.
- Based in Oregon with about 400 employees, Agility is expanding its relationships to deploy robots at more facilities with GXO Logistics Inc. and is working on a manufacturing pilot with AGCO Corp.
- Chief Executive Officer Peggy Johnson highlights that the move signifies artificial intelligence expanding beyond the digital world into physical workplaces to assist with labor shortages.
- The newly unveiled Digit 5 humanoid can perform complex tasks such as loading materials, sorting parts, and inspecting items while safely working in close proximity to humans without requiring physical barriers.
- Agility has secured over $300 million in committed multi-year orders for Digit 5, with deployments across 12 customer facilities and a goal to reach 100 potential customers across various industries by the end of 2027.
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