The human robot market is in the process of being funded. Last week, Shenzhen ' s start-up company, AI2 Robotics, financed nearly $735 million and valued nearly $3 billion. Earlier this year, Austen's Apptronik completed $935 million in financing, valued at over $5.5 billion. By contrast, the CEO Peggy Johnson of Agility Robotics showed relative caution after the company announced that he would be listed through a merger with Church Capital Corp XI of Michael Klein.
Founded in 2015, Agility focuses on the development of double-footed human robots, mainly for use in warehouses and factories. This listing will make Agility the first human robot company to trade in open markets, providing direct access to the field for retail investors. In his interview, Johnson refused to provide financial projections and did not disclose the material costs of the Agility flagship robot Digit.
Johnson stated that the trade had been selected for listing through SPC to take advantage of the initial advantages, and that it was expected that the deal would bring over $620 million in financing to Agility to help expand its capacity in the 70,000 square feet production facility in Oregon.
Agility ' s robot Digit is designed to be about 5 feet 9 inches tall and weigh about 160 pounds, and is used mainly to carry heavy weights in man-made environments. Johnson stated that Agility had a central advantage at the physical level and had accumulated a large amount of data after more than a decade of actual deployment.
While Johnson believed that man-made robots would eventually enter the home market, she said that it would take more than 10 years and that Agility was currently focusing on the warehouse market to address the shortage of workers.