We are convinced that 1X with its NEO androids will play a crucial role in our technological and human future, says Ted Persson, partner at EQT Ventures.
1X has raised $100 million in a Series B funding round, with participation from EQT Ventures and other prominent global investors. These funds will be used for the launch of 1X’s second-generation android, NEO, which is specially designed to offer versatile assistance in the home. “Our next milestone is to expand our data collection strategy for Embodied AI and make NEO available to consumers,” says Bernt Øivind Børnich, CEO at 1X.
Following a successful Series A funding round, 1X continues its effort to produce safe and advanced androids. The latest funding round also included a significant secondary transaction, where existing investor Sandwater increased its stake. Substantial contributions also came from new and existing investors such as Samsung NEXT, Skagerak Capital, and the Nistad group.
“The impact of androids becoming part of our human workforce will be transformative,” says Ted Persson, partner at EQT Ventures. “We are convinced that 1X with its NEO androids will play a crucial role in our technological and human future,” Persson concludes.