Norwegian startup robotics company 1X Technologies has recently secured an impressive $100 million in a series B funding round. This funding comes with the participation of Samsung, a well-known global brand. The investment will serve multiple purposes, including supporting existing enterprise customers and bringing 1X’s bipedal android, named “NEO,” to the market.
The primary objective of 1X is to develop humanoid robots that can effectively collaborate with humans to address the increasing labor demand worldwide. These robots, created by the company, boast advanced technology features such as high torque-to-weight drive servo motors and AI models that enhance their intelligence.
While 1X primarily focuses on enterprise applications, they are also working on a consumer bipedal humanoid called Neo. This particular robot is specifically designed to assist with domestic tasks. Household chores like laundry and tidying up will become much easier with the help of Neo.
The ultimate goal of 1X is to produce commercial androids that can work alongside humans, ultimately freeing up valuable time and improving global living standards. Neo sets itself apart from other humanoids in the market due to its human-like attributes, softness, lightness, and inherent safety features. These unique characteristics make Neo an exceptional addition to the market.
The recent funding round and partnership with Samsung will undoubtedly propel 1X Technologies forward in their mission to revolutionize the robotics industry. With their focus on developing humanoid robots that can be integrated seamlessly into various industries, the company aims to meet the rising labor demands efficiently.
By combining cutting-edge technology, advanced AI models, and innovative design, 1X Technologies is paving the way for a future where robots and humans can work side by side effectively. The potential of their bipedal android, Neo, is quite promising, not just for enterprises but also for everyday households.
As the demand for labor increases worldwide, the collaboration between humans and robots becomes essential. 1X Technologies is at the forefront of this movement, striving to make a significant impact on global living standards. With the financial support and partnership from Samsung, the company is well-positioned to achieve their vision and bring their incredible humanoid androids to the market.
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