Last 1X valuation
$210M
Series A · Mar 2023
Last 1X funding round
Series B
Amount undisclosed · Feb 2026
Cumulative funding 1X raised
$135M
across 6 funding rounds
Key investors in 1X
Tiger Global
EQT Ventures
Alliance VC
Type One Ventures
OpenAI Startup Fund
Sahin Boydas
About 1X
1X is an artificial intelligence and robotics firm based in Norway developing humanoid robots for general-purpose applications. Its flagship NEO robot performs household chores and daily tasks autonomously using advanced AI integrated with physical systems, emphasizing human-robot interaction for ongoing learning.
Founded
2014
HQ
NorwayWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$210M (Mar 2023)
1X Valuation
1X is currently valued at $210M, based on its Series A in March 2023.
The $24M round was led by OpenAI Startup Fund, with participation from Skagerak Capital, Alliance VC, Tiger Global, Sandwater and Type One Ventures.
1X's valuation has grown 4.5x from $47M at its seed round in December 2019 to $210M in March 2023, across 3 priced rounds.
1X valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2023 | Series A | $210M |
| May 2021 | Series A | $59M |
| Dec 2019 | Seed | $47M |
1X Funding History
1X has raised a total of $135M across 6 funding rounds.
1X's first fundraising round was a $2M seed round in December 2019. The most recent completed round was a Series B in February 2026.
1X funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2026 | Series B | Sahin Boydas | - | - | - |
| Jan 2024 | Series B | EQT Ventures (lead) | $99M | - | 1X is a Norwegian AI and robotics company founded in 2014, developing advanced humanoid androids like Eve for industrial use in security, logistics, and healthcare, and NEO for consumer home assistance. The company generates revenue primarily through robot sales and robot-as-a-service (RaaS) contracts, with industrial clients such as ADT Security Services leasing Eve units. In 2022, the Eve platform generated approximately $7 million through leasing agreements with ADT, with production costs under $100K per unit and annual leases around $50K. In January 2024, 1X raised a $100 million Series B round led by EQT Ventures, with participation from global investors including Samsung NEXT, Skagerak Capital, Nistad group, and existing investor Sandwater via a significant secondary transaction. This followed a $23.5 million Series A in March 2023 led by OpenAI at a $210 million post-money valuation, bringing total funding to over $125 million. In December 2025, 1X announced a strategic partnership with EQT to deploy up to 10,000 NEO robots to EQT's portfolio companies in manufacturing, warehousing, and logistics from 2026-2030, despite NEO's consumer focus. 1X competes with humanoid developers like Agility Robotics (valued at $550 million as of September 2025) and Apptronik. |
| Mar 2023 | Series A | OpenAI Startup Fund (lead); Skagerak Capital; Alliance VC; Tiger Global; Sandwater; Type One Ventures | $24M | $210M | 1X Technologies, formerly Halodi Robotics, is a Norwegian humanoid robotics company founded in 2014-2015, specializing in developing androids like EVE and NEO for real-world labor augmentation, including security applications. The company rebranded to 1X in March 2023 and closed a $23.5 million Series A2 funding round on March 23, 2023, led by OpenAI Startup Fund, with participation from Tiger Global, Sandwater, Alliance Ventures, Skagerak Capital, Type One Ventures, and others including Thursday Ventures and Trevor Blackwell. This round valued the company at a $210 million post-money valuation, bringing prior funding to around $15 million from earlier rounds in 2021 and 2019. Funds from the Series A2 were allocated to accelerate development of the bipedal NEO android and scale manufacturing of the commercially available EVE model in Norway and North America, targeting global labor shortages amid demographic shifts. 1X had already secured contracts like producing 140 humanoid robots for security guards in the US via ADT Commercial and sold hundreds of units in North America. Investors highlighted 1X's safety-focused approach and potential in a projected $150 billion humanoid robotics market by 2035 per Goldman Sachs. The round aligned 1X with prominent backers sharing missions to integrate AI and robotics into daily life, as noted by OpenAI COO Brad Lightcap and Tiger Global's Griffin Schroeder. At the time, 1X employed around 60 people and focused on practical applications beyond initial elderly care robots sold to research institutions. |
| May 2021 | Series A | - | $10M | $59M | 1X Technologies (formerly Halodi Robotics) is a Norwegian robotics company developing humanoid androids for commercial applications. In May 2021, the company raised 86 million Norwegian kroner (approximately $10 million USD equivalent) at a valuation of 597 million Norwegian kroner. The funding round included investors Valinor, Autostore founder Jacob Hatteland, and ADT Commercial, a US security company that had ordered 140 humanoid robots for use as security guards in the United States. The company was focused on scaling production and commercializing its android offerings during this period. 1X would go on to raise significantly larger funding rounds in subsequent years, including a $23.5 million Series A2 led by OpenAI in May 2023 and a $100 million Series B in January 2024, establishing itself as a leading player in the humanoid robotics sector. |
| Dec 2019 | Seed | - | $1M | - | - |
| Dec 2019 | Seed | Valinor AS | $2M | $47M | - |
Who has invested in 1X?
9 investors have backed 1X across its funding rounds, including Tiger Global, EQT Ventures, Alliance VC, Type One Ventures, OpenAI Startup Fund and Sahin Boydas.
Lead investors include EQT Ventures and OpenAI Startup Fund.
1X Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Kristiansand | 1 | Participant | Mar 2023 | |
 San Francisco, CA | 1 | Lead | Mar 2023 | |
| Norway | 1 | Participant | Mar 2023 | |
| Stavanger | 1 | Participant | Dec 2019 | |
| San Francisco, CA | 1 | Participant | Feb 2026 | |
| New York City, NY | 1 | Participant | Mar 2023 | |
 Stockholm | 1 | Lead | Jan 2024 | |
This data is available for Pro users. Sign up to see all 9 1X investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by 1X
1X has acquired 1 company to date.
Last acquisition by 1X was on January 27th 2025. 1X acquired Kind Humanoid for undisclosed valuation.
Latest Acquisitions by 1X
| Description | Kind Humanoid is a Shenzhen-headquartered robotics company developing humanoid service robots for hospitality and eldercare. The firm integrates AI vision, natural language processing, and mobility systems into models like the KindBot series, deployed in hotels and hospitals across China. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 27 Jan 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all 1X acquisitions and their M&A valuation multiples. Start Free Trial | |
1X Competitors
1X competitors include listed companies like UBtech Robotics and Cmes Robotics, and private ones like Miko, Guangya Hongdao, Qylur Intelligent Systems and Sapient Intelligence.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 China | Publicly listed | $298M | ($108M) | $5.1B | 9.5x | |
 Mumbai | Private | $24M | - | $206M | - | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Guangya Hongdao | Beijing | Private | - | - | $217M | - |
| San Francisco, CA | Private | - | - | $200M | - | |
| Beijing | Private | - | - | $200M | - | |
 South Korea | Publicly listed | $10M | ($12M) | $157M | - |
1X Public Comps
1X is still privately-owned, but its public comps include Robo.ai, Cmes Robotics, Seeing Machines, DOF Robotics, Palladyne AI, Kudan, Innoviz, Volatus Aerospace, Swarmer and VenHub.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $950K | ($156M) | 193.3x | - | (1.2x) | - | |||
| $10M | ($12M) | 14.0x | - | (11.0x) | - | |||
| $62M | ($6M) | 5.4x | 3.9x | (56.5x) | 52.2x | |||
| $21M | $8M | 13.3x | - | 36.7x | - | |||
| $5M | ($27M) | 47.8x | 13.0x | (9.4x) | (7.8x) | |||
| $8M | ($1M) | 12.1x | 13.3x | (79.7x) | - | |||
| $55M | ($62M) | 1.5x | 1.3x | (1.3x) | (1.3x) | |||
| $25M | ($8M) | 12.5x | 11.1x | (37.6x) | (38.6x) | |||
This data is available for Pro users. Sign up to see all 1X competitors and their valuation data. Start Free Trial | ||||||||
Common questions about 1X
| When was 1X founded? | 1X was founded in 2014. |
| Where is 1X headquartered? | 1X is headquartered in Norway. |
| Is 1X publicly listed? | No, 1X is a private, VC-backed company. |
| What is 1X's valuation? | 1X was last valued at $210M in its Series A in March 2023. |
| How much funding has 1X raised? | 1X has raised $135M across 6 funding rounds. |
| What was 1X's last funding round? | 1X's last funding round was a Series B in February 2026. |
| Who are 1X's investors? | 1X's investors include Skagerak Capital, OpenAI Startup Fund, Alliance VC, Valinor AS, Sahin Boydas, Tiger Global, EQT Ventures, Sandwater and Type One Ventures. |
| Which companies are comparable to 1X? | Companies comparable to 1X include UBtech Robotics, Miko, Guangya Hongdao, Qylur Intelligent Systems, Sapient Intelligence and Cmes Robotics. |
| How many companies has 1X acquired? | 1X has acquired 1 company, including Kind Humanoid. |
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