Viewing · Series B

Series B · $100M

Amount
$100M ≈ €92M
Round
Series B
Sector
Robotics & Logistics
Headquarters
🇳🇴 Norway

Story not available.

There is no eu-tailwind story for this round yet.

Read the raise announcement

Backed by

For most of its life this company was called Halodi Robotics, a Norwegian outfit founded in 2014 to build safe actuators and full-body control systems for industrial and healthcare robots. That is a deeply unglamorous problem, torque-to-weight ratios and pinch points, and it is also exactly the problem you have to solve before a robot can stand next to a person without being a liability. The company’s bet, which looks more reasonable every year, was that the hard part of humanoid robotics is not walking but manipulation: getting a machine to handle the world with its hands at a human’s footprint and a human’s level of safety.

In 2022 the company rebranded to 1X Technologies and pointed itself at the home. The first-generation android, EVE, rolls on wheels and works in logistics and guarding, including a long-running deployment with ADT in the United States. The second-generation android, NEO, has two legs, an aluminium core under a soft outer layer, and weighs about 30kg, which is roughly a third of EVE. The legs are not a vanity feature. As founder and chief executive Bernt Oivind Bornich likes to point out, you need a small footprint and the ability to brace, lean, and reach over furniture to be useful in a kitchen.

The capital arrived in two quick steps. In March 2023 the OpenAI Startup Fund led a Series A extension, with Tiger Global and Sandwater alongside, the moment a frontier-model lab decided embodied AI was worth a position. Ten months later, in January 2024, EQT Ventures led a $100M Series B to fund volume manufacturing of NEO and the data-collection operation behind it, where human operators in VR headsets teleoperate androids to generate training data. By the close of that round 1X had raised over $125M inside a year, which is a fast way for a fifteen-year-old actuator company to become a humanoid story. It remains one of the clearest pieces of evidence that the physical-AI race has a serious European node, headquartered in Moss, south of Oslo.

Frequently asked

The Brief

Get The Brief.

The funds, the founders, and the fundraises worth knowing about. The European rounds that matter, twice a week.

Free. Twice a week, Tue·Fri. Unsubscribe anytime.

Who backs 1X Technologies

More in Robotics & Logistics

Similar companies

Read by founders, investors, and operators across Europe

The optimist’s brief on European tech.

The raises that matter, straight to your inbox. The easiest way to keep up with everything moving in European tech.

See a recent story

Free. Twice a week, Tue·Fri. Unsubscribe anytime, we never share your address.