1X Technologies Raises $23.5 Million in Series A2  

by Kay Aloha Villamor in March 28th, 2023

1X Technologies (previously named Halodi Robotics), an Oslo, Norway-based Humanoid robotics company, secured $23.5 million in a Series A2 funding round led by OpenAI Startup Fund.

Other investors who participated include Tiger Global and a consortium of Norway-based investors, including Sandwater, Alliance Ventures, and Skagerak Capital.

1X Technologies intends to use the funds to increase the efforts of building its upcoming bipedal android model — NEO, and scale manufacturing of its first commercially available android EVE in Norway and North America.

“1X is thrilled to have OpenAI lead this round because we’re aligned in our missions: thoughtfully integrating emerging technology into people’s daily lives. With the support of our investors, we will continue to make significant strides in the field of robotics and augment the global labor market,” says Bernt Øyvind Børnich, CEO and founder of 1X Technologies.

Company: 1X Technologies LLC

Raised: $23.5M

Round: Series A2

Funding Month: March 2023

Lead Investors: OpenAI Startup Fund 

Additional Investors: Tiger Global, Sandwater, Alliance Ventures, and Skagerak Capital

Company Website: https://1x.tech/

Software Category: Humanoid Robotics

About the Company: Founded in 20141X, previously named Halodi Robotics, is an engineering and robotics company producing androids capable of human-like movements and behaviors. The company is headquartered in Norway, with over 60 employees globally. 1X’s mission is to create robots with practical, real-world applications to augment labor globally.

Source: https://techfundingnews.com/openai-backs-1x-technologies-in-23-5m-funding-to-commercialise-humanoid-robotics/

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