Agility Robotics Announced Merger With Churchill Capital
The Salem-based company moved to go public on the Nasdaq through a deal with Churchill Capital Corp XI.
Updated on Oct. 13, 2026 in Robotics
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On June 24, 2026, Salem-based Agility Robotics announced a merger with Churchill Capital Corp XI to go public on the Nasdaq. The deal aims to generate over $620 million in gross proceeds to support the firm's growth.
Why it matters
The merger provides significant capital infusion for the robotics developer to scale commercial operations for its Digit v5 robots. This transition marks a major step toward mass production following initial testing of earlier models.
Agility Robotics secured over $300 million in long-term orders for its Digit v5 robots as of May 2026, supported by a three-year contract for 1,000 units. The company's previous Digit 4 platform logged over 65,000 operating hours.
The players
Agility Robotics
A Salem-based robotics company specializing in humanoid machines that originated from research at Oregon State University.
Churchill Capital Corp XI
A special purpose acquisition company (SPAC) formed to take private companies public through merger transactions.
Foxconn
A multinational electronics contract manufacturer that led the $200 million private investment in public equity for the merger.
The details
The transaction includes $421 million from the SPAC's trust and $200 million from a private investment in public equity (PIPE) led by Foxconn. Founded in 2015, the company reported $1.8 million in 2025 revenue against an operating loss of $140 million.
Timeline
Agility Robotics was founded in 2015.
The company closed a Series C funding round in 2025.
Milestone-based orders were secured in May 2026.
The merger agreement was announced on June 24, 2026.
The deal is targeted to close in the fourth quarter of 2026.
The Tech Race
The development of the Digit humanoid robot platform represents a shift in labor automation that positions Agility Robotics against legacy industrial robotics firms. The merger follows the performance data of the Digit 4 model, extending the company's trajectory toward full-scale commercialization.
The deal signals a push toward broader market availability for humanoid robotics in industrial settings. Users and developers should anticipate increased hardware production as the company targets commercialization in 2027.
The takeaway
The transition to a public company structure indicates a maturing business model for humanoid robotics providers. Readers should note that commercial viability will depend on the successful deployment of the Digit v5 units starting in 2027.
What happens next
The merger between Agility Robotics and Churchill Capital Corp XI is targeted for completion in the fourth quarter of 2026.
Further reading
For more news on the evolving field of automation, explore the Robotics section.
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