What is 1X Technologies?
Founded in 2014, 1X Technologies is at the forefront of robotics innovation, specializing in the creation of androids capable of human-like movement and behavior. The company's core technological advancements lie in its proprietary actuator systems and artificial intelligence, engineered with the explicit goal of producing safe robots designed to work harmoniously alongside human counterparts. This focus positions 1X Technologies as a key player in the burgeoning field of advanced robotics and human-robot interaction.
How much funding has 1X Technologies raised?
1X Technologies has raised a total of $100M across 1 funding round:
Series B
$100M
Series B (2024): $100M with participation from EQT Ventures, Skagerak Capital, and Samsung NEXT
Key Investors in 1X Technologies
EQT Ventures
EQT Ventures is a venture capital firm operating in the Venture Capital & Private Equity industry, likely focusing on technology-driven companies.
Skagerak Capital
Skagerak Capital is an early-stage venture firm that invests in companies with a positive impact, particularly those addressing climate change and resource scarcity through technological innovation.
Samsung NEXT
Samsung NEXT provides software and services to complement Samsung's hardware, investing in and developing products that align with Samsung's global technology ecosystem.
What's next for 1X Technologies?
The substantial enterprise-level backing, including the recent major strategic investment, signals a critical growth phase for 1X Technologies. This capital infusion is expected to accelerate the company's research and development efforts, potentially scaling production of their advanced androids and expanding their market reach. The strategic nature of the recent financing suggests a deepening partnership with investors who align with 1X's long-term vision of integrating safe, human-like robots into various industries, paving the way for future commercialization and widespread adoption.
See full 1X Technologies company page
