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1X To Scale Android Production Following $100M Funding Round

Jan 11, 2024•almost 2 years ago

Amount Raised

$100 Million

MossRobotics

Investors

Open Ai’s Startup FundOpen AiThe Nistad GroupSamsung NextSkagerak CapitalSandwater1 XEqt Ventures

Description

Norwegian AI and robotics company 1X has today announced the successful completion of an EQT Ventures-led $100 million Series B funding round that will see the company scale production and deployment of its androids.

Company Information

Company

1X

Location

Moss, Viken, Norway

About

1X designs androids built to benefit society. Since 2014, we’ve been building androids with safety first, balanced performance, and smart behavior. Our mission is to design androids that work alongside people to meet the world’s labor demand and build an abundant society.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech