1X Technologies

Embodied AI & Robotics
SeriesBUSD 100M2024-01

Amount: USD 100M; Post-money valuation: approx. USD 820M; Led by EQT Ventures | The round was led by EQT Ventures, bringing total funding to approx. USD 136.5M. Proceeds will accelerate the development of the bipedal humanoid robot NEO, marking a strategic shift from wheeled EVE to home humanoids. EQT's entry provided not only capital but also evolved into the world's largest commercial deployment partnership for humanoid robots in Dec 2025 (see detailed section). | Source: 1X Technologies announcement (Jan 2024)

View funding history →
Valuation
USD 10B (as of 2025-09)
Total funding
USD 130M
Data cutoff
2026-06-15

Company Profile

Norwegian humanoid robotics firm founded in 2014, developing NEO robots for home and commercial use. Backed by OpenAI, it integrates GPT models into its systems. The company is currently raising a $1 billion round from investors including EQT, Tiger Global, and Samsung NEXT.

Founded
2014
Headquarters
Norway