1X Secures €91M in Series B Funding to Launch Next-Generation Android, NEO, and Expand its Robotics Innovations.
1X is at the forefront of robotics innovation, specializing in the production of advanced androids.
Company Name: 1X
Location: Moss, Norway
Sector: Robotics, Android Development
Funding Details: Raised €91M in Series B funding, with support from EQT Ventures and other investors. The round included a secondary transaction with participation from existing shareholders Sandwater and Skagerak Capital, as well as new investors Samsung NEXT and the Nistad group.
Purpose of Investment: To bring to market its second-generation android, NEO.
Leadership: CEO Bernt Øivind Børnich
Products:
- EVE: A smart wheeled working android designed for logistics and retail teams, currently operational worldwide.
- NEO: A bipedal android with humanoid hands for general applications, currently in development.
About Company: 1X is at the forefront of robotics innovation, specializing in the production of advanced androids. The company's first product, EVE, has successfully integrated into various industries globally, demonstrating the practical applications of robotic technology in business settings. Their upcoming product, NEO, represents a significant advancement in android technology with more generalized applications.