Agility Robotics is taking the SPAC route to Wall Street at a $2.5 billion valuation.
The Oregon State University spinout, founded in 2015, announced plans to go public through a special purpose acquisition company deal. The transaction is expected to generate $620 million in proceeds. Agility is among a small cohort of humanoid robotics companies racing to show investors the technology is ready to move beyond demos and into commercial deployments.
The timing is notable. Humanoid robotics has attracted serious capital in recent years, with rivals like Figure and Physical Intelligence pulling in large private rounds. Going public now lets Agility lock in a valuation before that enthusiasm cools — and gives it a war chest to compete on manufacturing scale and enterprise sales without waiting on another private fundraise.
SPACs fell out of favor after a wave of high-profile deals in 2020 and 2021 left many companies trading well below their merger prices within a year — a pattern documented across dozens of transactions at the time. Agility is betting the structure still works when the underlying business is real.