Norwegian robotics company 1X bags €91 million Series B to produce androids to meet the world’s labor demand
Summary
Moss-based 1X, an AI and robotics company producing androids to benefit society and meet the world’s labor demand, announced it has raised €91 million in Series B funding with participation from EQT Ventures and other notable global investors. Designed as a bipedal humanoid, NEO is tailored for everyday home assistance, offering versatile support for a wide range of domestic tasks in the consumer market. With 1X offering a android safe to work among people and a new approach to embodied learning for data collection, the company stands at the forefront of AI robotics. This funding will support their mission to produce safe and advanced androids at a commercial scale, aiming to meet global labor demands and build an abundant society. We’re convinced 1X with their NEO androids will play a crucial role in the pioneering steps towards the first forays of our technological and human future,” commented Ted Persson, Partner, EQT Ventures.