Agility goes public through a SPAC with $465 million in new capital

Agility Robotics is becoming a publicly traded company through a reverse merger with a special purpose acquisition company, or SPAC. The deal brings in $465 million from retail investors and a private funding tranche, making Agility the first pure humanoid robot maker on the stock market, according to TechCrunch Robotics.

The company, which spun out of Oregon State University in 2015, has put its Digit robots to work for nine customers, among them Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre. The robots mostly move heavy totes, more than 100,000 of them at one GXO site. Revenue was just $174,000 in the first six months of 2026, mostly from related parties, against a loss of $362 million.

Agility says it has $300 million in planned contracts from 30 customers for Digit 5, a new model built to work safely near people. Those deals depend on undisclosed targets for throughput, uptime and placement accuracy. CEO Peggy Johnson would not name the customers or say whether any are investors.

Why it matters

Agility is a test of whether a humanoid robot doing plain, repetitive work can become a real business. Watch for Digit 5 prototypes at CES 2027, planned wide availability at the end of that year, and whether the contracts convert. Johnson did not say the new money will make the company self-sustaining, and she gave no Digit 5 production targets, though the factory could build 10,000 robots a year.