1X is at the forefront of augmenting labor through the use of safe, advanced technologies in robotics, said Brad Lightcap, OpenAI’s COO and manager of the OpenAI Startup Fund.
1X Raises $23.5M in Series A2 Funding led by OpenAI. The funds are intended to increase the efforts of building their upcoming bipedal android model called NEO.
The successful Series A2 funding round, was led by the OpenAI Startup Fund, with participation from Tiger Global and a consortium of Norway-based investors, including Sandwater, Alliance Ventures, and Skagerak Capital. 1X is at the forefront of augmenting labor through the use of safe, advanced technologies in robotics, said Brad Lightcap, OpenAI’s COO and manager of the OpenAI Startup Fund.
1X intends to use the funds to increase the efforts of building its upcoming bipedal android model NEO, as well as 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.
Now that the company is attracting global interest from major players in deeptech, we are especially grateful for our angel investor, Lars Helge Helvig. Through his company Valinor, he took significant risk and invested heavily at an early stage. The funding from Valinor in 2017 helped us accelerate from being a small Norwegian company with innovation in robotics to becoming an international player, with a star team that could develop safe androids that can work alongside humans.