Agility Robotics is an Oregon State University spin-out founded in 2015 by Jonathan Hurst, Damion Shelton, and Mikhail Jones to commercialize dynamic bipedal walking.
Latest update Oct 8, 2026
01
Its product is Digit, a humanoid built for warehouse and factory tote handling rather than general-purpose home work. Digit 4 is already on customer floors: Agility says it has logged more than 65,000 operating hours across nine sites, including GXO (more than 100,000 totes at Flowery Branch, Georgia), Schaeffler, Toyota Motor Manufacturing Canada, Amazon, and Mercado Libre. On June 24, 2026 it agreed to merge with Churchill Capital Corp XI at a $2.5 billion pre-money equity value, expecting more than $620 million of gross proceeds ($420 million Churchill trust assuming no redemptions, plus an about $200 million Foxconn-led PIPE) and a listing under ticker AGLT. The S-4 showed 2025 net sales of $1.8 million against a $140 million operating loss, about $100 million of 2025 cash burn, 393 employees at June 30, 2026, and a going-concern warning that existing cash was not enough for a year without the deal. More than $300 million of multi-year Digit 5 orders from one customer, for 1,000 robots over three years, are subject to milestones. Digit 5, unveiled September 15, 2026, is pitched as the first cooperatively safe industrial humanoid (50 lb payload, 90-minute runtime, 9-minute charge, NVIDIA Halos launch partner), with early access in H1 2027 and general availability by the end of 2027. On October 6, 2026 Agility held its analyst and investor day in New York from 12:30 to 3:00 p.m. ET; Churchill's 8-K said the event was held and furnished the slides. Management restated Digit 5 early-adopter timing in the first half of 2027 and general availability by the end of 2027, the more than $300 million milestone-gated Digit 5 orders, and a fourth-quarter 2026 close target. Churchill's October 6 filings still describe S-4 file 333-298781 as not yet effective, with no dated shareholder meeting; EDGAR shows the latest S-4/A on September 30 and no EFFECT notice through October 6. The FORT Digit 5 Offboard Safety Bridge remains an MOU.
sec.govUpdated Oct 8, 2026
02
2026
The deal is signed at $2.5 billion pre-money with more than $620 million of expected gross proceeds, but it still needs S-4 effectiveness, a Churchill shareholder vote, exchange listing approval, and a close before the documented year-end walk-away. Redemptions can shrink the cash. The S-4 going-concern note is why this is the near-term survival milestone, not just a listing trophy.
2026
TargetQ4 2026 after October 6 analyst day
H1 2027
Digit 5 is unveiled with H1 2027 early access and end-2027 general availability. Converting the $300 million-plus milestone-gated order into robots that ship, and proving cooperative safety on a live floor without cages, is the product half of the SPAC story.
Oct 6, 2026
Agility set an analyst and investor day for October 6, 2026. That is the next public chance to put Digit 5 specs, the S-4 numbers, and a close timetable in front of Churchill holders before they vote.
03
A Form 425 filed Oct. 1, 2026 reproduces a joint release saying Agility Robotics and FORT Robotics signed a memorandum of understanding on Digit 5 safety infrastructure, including a jointly developed Offboard Safety Bridge. The companies described a three-part architecture of a safety pendant, on-robot communications and off-robot interfaces, and said Digit predecessors have logged more than 65,000 hours at sites including Schaeffler, GXO and Toyota Motor Manufacturing Canada. The filing labels the pact an MOU, not a disclosed dollar contract, and Digit 5 early access remains targeted for the first half of 2027.
04
Current commercial humanoid for tote handling and material movement in warehouses and factories. Reverse-jointed legs, gripper end-effectors, and Agility Arc fleet software. Digit 4 is the machine behind the 65,000-hour and 100,000-tote claims.
Next-generation industrial humanoid designed to work beside people without the cages Digit 4 still needs. New safety architecture (human detection, visual/auditory cues, independent motion controller), 50 lb payload, 5 foot 11 inch height, 7.2 foot reach, 90-minute runtime with a 9-minute charge, swappable ISO-flange end-effectors, and NVIDIA Halos / IGX Thor as the first Halos robotics launch partner.
05
$1.8 million net sales in 2025 against a $140 million operating loss. 2026 commercial Digit 4 work is real but still tiny versus the $2.5 billion SPAC mark. The $300 million-plus Digit 5 order figure is contracted backlog subject to milestones, not current-period revenue.
(1,000 robots / 3 years), subject to milestones
06
Operating status
Commercial Digit 4 deployments; Digit 5 unveiled; SPAC pending
Digit 4 remains in paid operation at named sites including GXO, Schaeffler, Toyota Motor Manufacturing Canada, Amazon, and Mercado Libre. The 6 Oct 2026 analyst and investor day was held in New York; Churchill's 8-K furnished the slides. Digit 5 early access remains H1 2027 and general availability remains the end of 2027. More than $300 million of Digit 5 orders remain milestone-gated, not current-period revenue. S-4 file 333-298781 is still not effective (latest amendment 30 Sep); no Churchill shareholder meeting date is set. Close is still described as Q4 2026. The 1 Oct FORT Robotics MOU on the Offboard Safety Bridge is an MOU, not a disclosed dollar contract or Digit 5 delivery.
Digit robot-as-a-service (GXO and others)
Paid Digit 4 deployments in manufacturing, distribution, and logistics, including the 2024 GXO RaaS agreement at Flowery Branch. This is the revenue that produced $1.8 million of 2025 net sales.
Digit 5 contracted orders (not yet revenue)
More than $300 million of multi-year Digit 5 orders from one customer, described as 1,000 robots over three years, subject to contractual milestones. The S-4 says this is not a measure of current-period revenue.
07
2026
Holds October 6 analyst and investor day; S-4 still not effective
On October 6, 2026 Agility hosted its analyst and investor day in New York from 12:30 to 3:00 p.m. ET, livestreamed with a replay on agilityrobotics.com/investors. Churchill's 8-K said the event was held and furnished the presentation. Peggy Johnson restated more than $300 million of milestone-gated Digit 5 orders, early access in the first half of 2027, and general availability by the end of 2027. Digit 5 specs were unchanged from the 15 Sep unveil (50 lb payload, 90-minute runtime, 9-minute charge). The Oct 6 PR still targets a Q4 2026 Churchill XI close and ticker AGLT. S-4 file 333-298781 has not been declared effective; EDGAR shows an S-4/A on 30 Sep and no EFFECT notice through 6 Oct, and no shareholder meeting date. The FORT Offboard Safety Bridge remains an MOU.
Names planned public-company directors ahead of Churchill XI close
On 29 Sept 2026 Agility said Merline Saintil, Derek Aberle and Pierre Gentin are expected to join the board after the Churchill Capital Corp XI combination. Saintil, lead independent director at Rocket Lab and a director at Symbotic and TD SYNNEX, is expected to join immediately subject to approvals. Aberle, a former Qualcomm president, and Gentin, former U.S. Commerce general counsel, are expected at close. Peggy Johnson and co-founder Damion Shelton remain on the board. Combined company still expected to trade as AGLT. The S-4 is filed; Agility still describes mailing of a definitive proxy only after it is declared effective.
FORT MOU adds Offboard Safety Bridge to Digit 5
On Oct. 1, 2026 Agility Robotics and FORT Robotics signed a memorandum of understanding, reproduced in a Newbury Street II Form 425, covering Digit 5 safety infrastructure including a jointly developed Offboard Safety Bridge. The companies described a three-part architecture of a safety pendant, on-robot communications and off-robot interfaces. Digit predecessors have logged more than 65,000 hours. Digit 5 early access remains H1 2027.
Digit 5 uses human-like legs for lifting and cooperative safety
The Robot Report on September 15 and Ars Technica confirm Digit 5 drops Digit 4 reverse-jointed ostrich knees for more conventional human-like legs, optimized for 50 lb lifts and sit-to-safe shutdown. The Digit 5 page still lists 50 lb payload, 7.2 ft reach, 10:1 run-to-charge, and 20 hours of work in 24 hours. Early access remains H1 2027.
CBO cites Ricoh partnership for Digit fleet service
On September 22, 2026 CBO Daniel Diez wrote that Agility partnered with Ricoh to monitor deployed Digit fleets daily and keep them running. This is a company-only service claim; independent contract terms were not published.
Names Michael Beer CFO; Jennifer Hunter remains COO
On July 23, 2026 Agility appointed Michael Beer, previously CFO of Energy Vault, as chief financial officer ahead of the Churchill XI listing. Jennifer Hunter, who had been CFO and COO, now serves exclusively as COO to scale manufacturing, operations, and supply chain.
On September 15, 2026 Agility unveils Digit 5, built for cooperatively safe work beside people: 50 lb payload, 5 foot 11 inches, 7.2 foot reach, 90-minute runtime with a 9-minute charge, swappable end-effectors, and NVIDIA Halos as the first robotics launch partner. Early access is targeted for the first half of 2027, general availability by the end of 2027, including a first commercial push into the EU and UK.
S-4 discloses $1.8M of 2025 sales and a going-concern note
The S-4 filed around September 4, 2026 shows 2025 net sales of about $1.8 million against a $140 million operating loss, roughly $100 million of 2025 cash burn, 393 employees at June 30, 2026, $395.8 million of gross preferred equity through 2025, an extra $100 million of SAFEs in July 2026, and auditor language that existing cash is not enough for a year without the SPAC. More than $300 million of Digit 5 orders sit with one customer, for 1,000 robots over three years, subject to milestones.
2026
Agrees $2.5B SPAC merger with Churchill Capital Corp XI
On June 24, 2026 Agility and Churchill XI announce a business combination at a $2.5 billion pre-money equity value, expecting more than $620 million of gross proceeds including an about $200 million Foxconn-led PIPE, with the combined company to list as AGLT. Existing Agility holders roll 100% of equity. Close is targeted in 2026, subject to a Churchill shareholder vote, S-4 effectiveness, and other conditions, with a December 31 walk-away date in the deal documents.
2025
2024
2023
2022
2017
2016
2015
08
$3.2Bdisclosed across 5 rounds with a stated amount
Cumulative disclosed raise · dated rounds
Series A
2018
Playground Global (lead), Sony Innovation Fund
Series B
April 2022
DCVC and Playground Global (leads), Amazon Industrial Innovation Fund, Sony Innovation Fund, TDK Ventures and others
Preferred equity through 2025 (incl. Series C)
Through December 2025
DCVC, Playground Global, Amazon, SoftBank Vision Fund 2, NVIDIA/NVentures, Schaeffler, Foxconn/Abico and others; S-4 cumulative figure
SAFEs
July 2026
Strategic and institutional investors (S-4)
SPAC + PIPE (announced, not closed)
June 2026 (announced)
$2.5B pre-money; more than $620M expected gross proceeds
Churchill Capital Corp XI trust (~$420M assuming no redemptions) plus ~$200M PIPE led by Foxconn
