This humanoid robotics company is going public, but its CEO isn’t promising a robot in your home anytime soon
Agility Robotics is planning to go public via a SPAC merger, aiming to raise over $620 million despite a cautious outlook from its CEO regarding immediate consumer adoption. The move highlights the massive influx of capital into the humanoid robotics sector, even as companies focus primarily on industrial and logistics applications.
The humanoid robotics market is awash in money right now. Last week, AI2 Robotics, a Shenzhen-based startup that makes wheeled humanoid robots, raised nearly $735 million at a nearly $3 billion valuation. Earlier this year, Apptronik, an Austin-based maker of humanoid robots for manufacturing and logistics, closed a $935 million funding round valuing the company at more than $5.5 billion , backed by Google, Mercedes-Benz, and John Deere, among others. Last fall, Figure AI, a San Jose-based startup developing general-purpose humanoid robots, self-reported that it closed on $1 billion in Series C funding at an eye-popping $39 billion valuation .
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