Mentioned:
There’s officially a new humanoid robot company on Wall Street.
What’s happening:
- Agility Robotics (NASDAQ: AGLT) has successfully completed their business acquisition with Churchill Capital Corp XI and become a publicly traded company on the Nasdaq
Why it matters:
- Agility Robotics is widely considered to be the first humanoid robotics company to list on the Nasdaq that has proven, active deployments
Going deeper:
- Foxconn led a $200M USD equity financing round in Agility Robotics at $10.00 USD per share concurrently with the business combination with Churchill Capital Corp XI
- Agility Robotics previously made major waves when they unveiled their new humanoid robot known as Digit 5 which is designed to work directly alongside of human beings and is capable of lifting 50 pounds and supporting 20-hour operational days in complex work environments
The intrigue:
- Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), SoftBank Vision Fund 2 and DCVC are all investors in Agility Robotics
