Physix Frontier
1X Technologies
Funding History
- SeriesBUSD 100M — 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)
- SeriesA2USD 24M — Amount: USD 23.5M; Post-money valuation: Approx. USD 210M; Led by OpenAI Startup Fund. This was one of OpenAI's earliest significant investments in physical AI/embodied intelligence, bringing massive industry attention to 1X. At this time, 1X primarily focused on its wheeled EVE platform, targeting logistics and industrial scenarios. Consequently, 1X has long been described as a robotics company 'backed by OpenAI'. Source: 1X Technologies Announcement (March 2023)