Norwegian 1X raises $100 million Series B to build a humanoid robot for the home

Norwegian maker of humanoid robots 1X has raised a $100 million Series B from new and old investors. The money will be used to take its next generation android NEO, that can be used for assistance with domestic tasks in the home by consumers, to market.

Alliance VC invested in the Series A round in early 2023 and I wrote some notes around it then.

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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