Agility Robotics, the company behind the bipedal warehouse robot Digit, is planning to go public through a merger with a special-purpose acquisition company in a deal that would value it at about $2.5 billion, according to a Wall Street Journal report relayed by Investing.com.
The report should be read with care. Its detailed terms trace to a single WSJ account, and the deal has not been confirmed by an official announcement; a CoinDesk summary noted the valuation has been cited at both $2.5 billion and $3 billion and that the specific SPAC partner "has not been publicly confirmed."
What a SPAC is
A SPAC, or special-purpose acquisition company, is a shell firm that raises cash from investors and lists on an exchange with no business of its own, then takes a private company public by merging with it. The route is faster and less disclosure-heavy than a traditional initial public offering, which is part of why fast-growing, pre-profit technology firms often favor it. The trade-offs are real, too: headline valuations can shrink after dilution from sponsor shares and warrants, and investors can redeem their cash before a merger closes, reducing the proceeds the target actually receives.
What Agility makes
A humanoid robot is a machine built roughly to the size and shape of a person — two legs, two arms — so it can work in spaces and with equipment designed for human workers. Agility's Digit stands about 5-foot-9 and is built to move and stack containers in warehouses and on factory floors, automating repetitive lifting. The company says nearly 100 Digits are deployed, with reported customers including Amazon and logistics group GXO.
Founded in 2015 as a spin-off from Oregon State University's robotics lab, Agility is well capitalized for a private firm. It closed a roughly $400 million Series C in early 2025 at a valuation of about $2.1 billion, GeekWire reported, bringing total funding to roughly $640 million. Backers across its rounds include DCVC, Playground Global, Amazon's Industrial Innovation Fund, Nvidia's venture arm and SoftBank, according to research compiled by Sacra.
A boom behind the timing
The planned listing lands amid a surge of capital into humanoid robotics. Rival Figure AI raised more than $1 billion in a round that valued it at about $39 billion, Bloomberg reported in September 2025. Tesla has promoted its in-house Optimus robot, and startups including Apptronik and Boston Dynamics are competing for factory and warehouse work.
That appetite helps explain the SPAC route. Public-market investors have shown willingness to pay up for robotics exposure, and a merger would let Agility raise growth capital and put a tradable price on its shares sooner than a conventional IPO. For now, though, the deal remains a report rather than a done transaction: no closing date — or official confirmation of the terms — has been disclosed.
