Agility goes public with $465 million as Digit 5 faces its test

The Oregon-based company, spun out of Oregon State University in 2015, has deployed Digit robots with nine customers, including Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre. At a GXO logistics facility, the robots have moved more than 100,000 totes.

That work has yet to translate into strong financial results. Agility reported $174,000 in revenue in the first six months of 2026, mostly from related parties, and a $362 million loss. CEO Peggy Johnson told TechCrunch that the company has $300 million in planned contracts from 30 customers for Digit 5. Those deals depend on the robot meeting undisclosed targets for throughput, uptime and placement accuracy. Prototypes are expected to be demonstrated at CES 2027, with wide availability planned for the end of that year.

Agility says its robot-as-a-service offering could save customers $100,000 a year, with greater savings possible for buyers purchasing a robot outright. But those economics depend on Digit 5’s reliability and performance. The robot can lift heavy loads and place them with 98% accuracy, yet it cannot handle complex manipulation tasks. A proof of concept costs prospective customers $500,000; four customers had signed up for one by May 2026.

Johnson said the new capital would meet Agility’s current needs but did not say the company would become self-sustaining. The firm has said its production facility could make 10,000 robots a year, but Johnson declined to give Digit 5 production targets. Agility’s challenge is to turn its early deployments into more customers while expanding what its robots can do.