Agility Robotics is set to list publicly through a SPAC merger at a $2.5 billion valuation, according to executives who spoke to The Wall Street Journal. The move comes as major tech players like Nvidia intensify efforts in humanoid robotics for industrial use.
Nvidia has targeted robot safety as humanoids move closer to factory floors.
Agility Robotics previously signed a deal with Toyota that indicates a shift from pilot programs to commercial deployment of humanoid robots in auto manufacturing.
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XPeng’s robotics unit closed a funding round exceeding $900 million at a post-money valuation above $6.3 billion, which the company calls the largest single-round private financing in the history of China’s embodied AI industry. The proceeds will support mass production of its IRON humanoid robot by the end of 2026, a timeline that keeps the firm ahead of Tesla’s Optimus program.
LimX Dynamics completed a pre-IPO round raising nearly $200 million at a reported $2.2 billion valuation as it prepares for a public listing. The move comes as China's robotics market swells to include hundreds of companies competing in humanoid and embodied AI technologies.
Nvidia and LG Group announced a wide-ranging partnership on June 7 covering AI factory infrastructure, home robotics, autonomous driving components, and sovereign AI model development. The deal is one of the broadest single-company collaborations Nvidia has announced during Jensen Huang's South Korea visit.
Bedrock Robotics raised a $600M Series C at a $4.1B post-money valuation co-led by CapitalG and Emergence Capital, bringing total funding to nearly $1B. Its autonomous excavators have done paid work on live job sites since mid-August, and the company says its customer base has more than doubled since 2025. The money goes to more Bedrock-equipped machines and field, commercial and operations teams.
General Fusion completed its SPAC merger with Spring Valley Acquisition Corp. III on July 10, 2026, becoming the first publicly traded fusion company. Shares will begin trading on Nasdaq under GFUZ on Monday after an earlier $1 billion deal announcement that followed layoffs and a CEO funding plea, plus a new Italy deployment partnership with Renexia, though significant technical hurdles remain.
