Archive · 11 January 2024

1X raises $100M Series B for its NEO home humanoid

The OpenAI-backed Norwegian start-up secured fresh funding to bring its second-generation NEO android to market.

1X Technologies, formerly Halodi Robotics, announced a $100 million Series B round, taking its total funding to about $125 million. OpenAI had led its earlier Series A, and EQT Ventures headed the new investor list. The company said the money would go towards NEO, a humanoid aimed at homes, and its embodied AI work. The round signalled investor appetite for humanoids meant to live and work alongside people rather than only in factories.

Source: TechCrunch

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