Norwegian Robot Manufacturer 1X Technologies Raises $23.5 Million in A2 Financing Round
According to reports, recently, Norwegian robot manufacturer 1X Technologies announced the completion of an A2 round of financing with a financing scale of US $23.5 million, led by
According to reports, recently, Norwegian robot manufacturer 1X Technologies announced the completion of an A2 round of financing with a financing scale of US $23.5 million, led by OpenAI Venture Capital. Tiger Global and a consortium of Norwegian investors such as Sandwater, Alliance Ventures, and Skagerak Capital also participated in the investment. According to the introduction on the company’s official website, 1X, formerly known as Halodi Robotics, was founded in 2014 to produce robots capable of imitating human actions and behaviors. The company has over 60 people. 1X says its goal is to create robots with practical application value to increase the global workforce. It is reported that 1X intends to use this fund to increase the research and development efforts of its upcoming biped robot model NEO, as well as large-scale production of its first commercial robot EVE in Norway and North America.
OpenAI leads Norwegian Robotics 1X
In a recent announcement, Norwegian robot manufacturer 1X Technologies revealed that it has just completed an A2 financing round with a scale of US $23.5 million. The round was led by OpenAI Venture Capital and included participation from Tiger Global and a consortium of Norwegian investors such as Sandwater, Alliance Ventures, and Skagerak Capital.
1X Technologies, formerly known as Halodi Robotics, was established in 2014 with the goal of designing and building robots that can imitate human actions and behaviors. With over 60 employees, the company is focused on creating practical robots that can increase the global workforce. The funding will be used to increase the research and development efforts of the upcoming biped robot model NEO, as well as the large-scale production of its first commercial robot EVE in Norway and North America.
The Rise of 1X Technologies
1X Technologies has been gaining traction in the robotics industry due to its unique approach to building robots that are designed to imitate human behavior. The company’s team of experts has developed advanced algorithms that enable its robots to interact with the world in a way that mimics human movement and decision-making.
According to their website, 1X Technologies aims to create robots that are capable of practical applications, such as helping people in the workplace, in healthcare, and in other related fields. The company’s focus is on making robots that are more human-like and can work alongside people to increase productivity and efficiency.
The Recent Financing Round
1X Technologies’ recent financing round was led by OpenAI Venture Capital, a prominent investment firm that is focused on supporting startups that are working towards advancing artificial intelligence. The participation of Tiger Global and other prominent investors is a testament to the potential of 1X Technologies in the rapidly growing robotics industry.
The funding will be used to bolster the development of the upcoming biped robot model NEO, which is expected to have a variety of potential applications in the workplace and other environments. Additionally, the funding will be used to ramp up production of the company’s first commercial robot EVE in both Norway and North America.
The Future of 1X Technologies
With the completion of the A2 financing round, 1X Technologies is poised to continue its growth in the global robotics market. Its innovative approach to building human-like robots has been attracting attention from investors, industry leaders, and potential business partners.
Going forward, the company will likely continue to invest heavily in research and development to refine its robotic technology and create practical applications for its products. As the market for robotic solutions continues to grow, it is expected that 1X Technologies will play a significant role in shaping the future of the industry.
FAQs
Q: What is 1X Technologies?
A: 1X Technologies is a Norwegian robot manufacturer that designs and builds robots that are capable of imitating human behavior in practical applications.
Q: What is the funding amount of the recent A2 financing round for 1X Technologies?
A: The recent A2 financing round for 1X Technologies raised $23.5 million.
Q: What will be the application of the upcoming biped robot model NEO?
A: The upcoming biped robot model NEO is expected to have various practical applications in the workplace and other environments.
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