Tech Company Financing Transactions
1X Funding Round
1X secured a $23.5 million Series A financing round on 3/27/2023. Investors included OpenAI Startup Fund, Alliance Venture and Sandwater.
Transaction Overview
Company Name
Announced On
3/27/2023
Transaction Type
Venture Equity
Amount
$23,500,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to increase the efforts of building its upcoming bipedal android model, called NEO, as well as scale manufacturing of its first commercially available android EVE in Norway and North America.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Solgaard Skog 139
Moss, 1599
NO
Moss, 1599
NO
Phone
Undisclosed
Website
Email Address
Overview
1X is an engineering and robotics company producing androids capable of human-like movements and behaviors. The company was founded in 2014 and is headquartered in Norway, with over 50 employees globally. 1X's mission is to create robots with practical, real-world applications to augment human labor globally.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bernt Børich
Chief Operating Officer
Stein Maurice
Co-Founder
Nguyen Phuong
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We record tech company VC transactions. VC investment data records on this site are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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