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Partnership

1X Technologies Series B (2024)

1X Technologies raised a $100 million Series B (announced January 2024), led by EQT Ventures with participation from Samsung NEXT and Nistad Group, to develop its NEO bipedal home humanoid.

investment · Active · operating


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63079f37-db0d-4638-9d47-542f61b7ca87
Type
investment
Status
Activeoperating
Announced
2024-01-12
2.6 years ago
Active for
2.6 years

Who’s involved

1X Technologiesco developer

1X Technologies (formerly Halodi) is a Norwegian-Estonian humanoid robotics company developing NEO — a general-purpose home humanoid robot. Founded by Bernt Børnich. Raised $100M Series B. Backed by OpenAI Startup Fund. NEO designed for home use: bipedal walking, human-like manipulation, safe around humans. Developing own world model for [Embodied intelligence](/companies/embodied-intelligence). Headquartered in Oslo with engineering in Estonia.

HQPalo Alto, CA, USA (R&D in Oslo, Norway)x-technologies.com5 partnerships

Most-frequent partners

Samsung Electronicsinvestor partner

Samsung Electronics (KRX: 005930) is a Korean technology conglomerate developing semiconductors, displays, mobile devices, and robotics. Samsung's robotics division produces consumer and industrial robots, and the company makes strategic investments via Samsung Catalyst Fund and Samsung Next.

HQSuwon, South Koreasamsung.com8 partnerships
EQT Venturesinvestor partner

EQT Ventures is the venture capital arm of [EQT AB](https://eqtgroup.com), a Swedish global investment organization. Founded in 2016, it manages three funds totaling over €2.3B and makes minority equity investments in European and US technology companies. Notable physical-AI portfolio investments include [1X](/companies/1x) (humanoid robots), [Einride](/companies/einride) (autonomous electric trucks), [Wandelbots](/companies/wandelbots) (robotic software), and Standard AI (retail computer vision).

HQStockholm, Swedeneqt.sk2 partnerships
Nistad Groupinvestor partner

Norwegian shipping and investment company based in Oslo, founded by Einar Nistad. Best known in the robotics ecosystem as an early investor in [1X Technologies](/companies/1x-technologies) (formerly Halodi Robotics), participating in the company's $100M Series B in January 2024 alongside EQT Ventures and Samsung NEXT.

HQOslo, Norway1 partnerships

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Sources (1)

  1. https://www.1x.tech/discover/1x-secures-100m-in-series-b-funding

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