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 2014, 1X, 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/