Humanoid robot maker Agility Robotics debuts on the Nasdaq after SPAC merger
Agility Robotics Inc. debuted on the Nasdaq today after merging with a special-purpose acquisition company. SPAC deals provide a simpler path to public markets than a traditional listing. In such transactions, a shell company floats its shares and then merges with a privately held business. That business effectively takes the SPAC’s place on the stock […] The post Humanoid robot maker Agility…
Agility Robotics, a company specializing in humanoid robots, went public on the Nasdaq today following a merger with a special-purpose acquisition company (SPAC). SPAC transactions offer a faster route to public trading compared to conventional listings. Agility completed its merger with Churchill Capital Corp XI Corp. on Wednesday, raising $465 million, excluding transaction fees.
This capital will be used to develop the company's latest robot, Digit 5, and expand manufacturing. Digit 5 is a six-foot-tall humanoid robot capable of carrying up to 50 pounds and features a 20-hour battery life. Nyobolt Ltd., a British startup, provides the robot's batteries, which charge in just nine minutes. Agility's software runs on Nvidia's IGX Thor series, including the T7000 chip, which has 14 CPU cores, a graphics processing unit, and a standalone workstation chip.
The robot also utilizes Nvidia's HALOS software toolkit for safety certification and hazard avoidance. With over $300 million in pre-orders from customers like Toyota and a manufacturing plant in Oregon, Agility aims to accelerate the deployment of robots in various industries.
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