2024-01-12
1X Technologies raises $100M Series B to advance NEO humanoid robot
Norwegian humanoid builder 1X Technologies cemented formidable warchests raising $100 million towards launching its highly anticipated second-generation NEO biped packing substantial power within a lean 65-inch frame. The latest capital infusion comes barely a year after prominent backers like OpenAI and Tiger Global bankrolled the startup’s inaugural funding round.
Such impressive momentum spotlights surging investor appetite within an anthropomorphic robotics niche increasingly conquering consumer imaginations foregrounding imminent proliferation crossing industrial boundaries.
“We feel extraordinarily privileged witnessing sci-fi staples manifest contemporary viability through technologies crossing key thresholds daily,” commented EQT Ventures Ted Persson whose firm led the oversubscribed Series B. “1X’s judicious balancing of capabilities and safety makes their remarkable systems poised ushering these innovations responsibly.”
A New Breed of Android Prioritizing Practicality
Underpinning sentiments lies 1X’s unique philosophy melding bleeding-edge advancements with pragmatic utility serving actual user needs rather than chasing accolades. This grounds lofty futuristic visions into present-day realities where NEO and predecessor EVE operate reliably executing helpful tasks.
“We never set out building androids simply impressing audiences through uncanny human mimicking or extreme locomotion prowess,” explained 1X CEO Bernt Øivind Børnich. “The priority lies creating supple trustworthy aides handling quotidian household duties alongside people requiring strength, dexterity and care.”
This manifests through the NEO’s compact stature and rounded finish nimbly navigating typical home spaces rather than spandex-clad metal exoskeletons with decorative faces marketed primarily overseas. Instead NEO bears an understated androgynous visage and casual vestments focused fully assisting owners lifting hefty bags or cleaning difficult corners.
Børnich particularly highlights the importance of force application harnessing NEO’s full musculoskeletal range when maneuvering confined quarters.
“Humanoids possess immense advantages bracing against multiple contact points for optimal torque and effort,” he said. “We’re finally experiencing hardware catching up with software towards unlocking their innate potential.”
Scaling Data Collection Through Growing Fleets
Nonetheless no robot functions autonomously devoid rigorous training - a priority driving 1X’s data gathering strategy leveraging its studio housing over 20 continually honing androids. The burgeoning ensemble affords capturing diverse real-world examples accelerating future software.
And an inventive operator development program drawing inspiration from open-source communities sees staff directly participating honing models hands-on rather than simply generating raw feeds. This helps engenders intuitive understandings transferred creating ever smarter systems while freeing engineers tackling complex architectural refinements.
It also facilitates clearer communications between users and machines - an often overlooked necessity ensuring collaborative harmony.
Here Børnich believes 1X holds opportunities leading industry-wide paradigms thanks to fully owning end-to-end development. Competitors relying on third-party integrations face lags reacting towards findings.
A Market Poised For Next Wave Adoption
With augmented environments headed mainstream across our homes and offices, the NEO seems well positioned riding coming proliferation once costs inevitably taper in line with consumer price sensitivities. Its specialization tackling traditionally mundane yet frequent tasks promises tangible assistive dividends beyond flashy showpieces soon proving viability.
“We always felt our roadmap aligning market readiness with technical milestones charted responsible trajectories benefiting societies,” Børnich concluded. “Lifting real burdens enhances lives more than exaggerated hype promising futures perpetually distant.”
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