Agility Robotics, a firm spun from Oregon State University in 2015 and best known for its bipedal robot Digit, is set to go public via a $2.5 billion merger with Churchill Capital Corp XI.

The transaction will see the company raise over $620 million, intended for increased production of Digit v5 and expansions into new markets. With multi-year orders exceeding $300 million and 30 potential customers evaluating large-scale deployments, the future looks bright for humanoids in industry.

“Humanoid robots are positioned to revolutionise productivity and supply chain resilience,” said CEO Peggy Johnson. “We’re not just talking about a tech-fad; this is real-world application that’s already making a difference.”

The IPO means Agility will join the ranks of publicly traded companies, potentially paving the way for more advanced robotic solutions in various sectors.