1X Technologies company profile: valuation, funding & revenue

This 1X Technologies company profile covers the company's valuation, revenue, funding rounds, investors and history. 1X Technologies works in robotics, with a focus on humanoid robots for homes and workplaces. It was founded in 2014 and is headquartered in Palo Alto, California, United States (founded in Moss, Norway). Its latest valuation on record is About US$820 million (reported, Series B) (January 2024). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

1X Technologies timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2014 — 1X Technologies is founded in Palo Alto by Bernt Øivind Børnich (CEO).
• 2023 — Series A2: US$23.5M. Investors: OpenAI Startup Fund (lead); Tiger Global and others.
• Jan 2024 — Series B: US$100M, valuing the company at About US$820M (reported). Investors: EQT Ventures (lead); Samsung NEXT, Nistad Group and others.
• October 2025 — NEO price: US$20,000 to buy, or US$499 a month.
• September 2025 — Funding talks (reported): Seeking up to US$1 billion at a valuation of at least US$10 billion; close not confirmed.
• April 2026 — Factory capacity target: Hayward, California plant ramping toward 10,000 robots a year (reported).
• August 2026 — Secondary-market indicator: Implied about US$19 billion on Hiive (not a priced round).

Investors

1X Technologies makes NEO, a humanoid robot designed to do chores in people's homes, priced at US$20,000 or US$499 a month. Founded in Norway and now based in California, it was valued at about US$820 million in early 2024 and was later reported to be seeking money at US$10 billion or more. This profile covers 1X's funding, its home-robot strategy, manufacturing plans and the risks of selling humanoids to consumers.

1X's valuation

The last officially announced round was a US$100 million Series B in January 2024, led by EQT Ventures, at a reported valuation of about US$820 million, according to Wikipedia. In September 2025 reports said 1X was seeking up to US$1 billion at a valuation of at least US$10 billion, as summarised by Techleap. We have not seen confirmation that the round closed, so the 2024 figure remains the last sourced valuation.

Secondary-market prices on Hiive have implied a far higher figure, around US$19 billion in August 2026 according to StockAnalysis. Those trades are small and not a priced round, but they show how much investor appetite there is for humanoid robotics, where Figure AI and others have raised at tens of billions.

NEO: a humanoid for the home

Most humanoid companies start with factories and warehouses, where tasks are repetitive and environments controlled. 1X has bet on homes. NEO is a soft-bodied, fabric-covered robot about the height of a person, designed to be quiet and safe around people. It can fetch objects, tidy, load a dishwasher and do laundry, with abilities expanding through software updates.

Preorders opened in October 2025, and the company said it sold out its first year of production within days. For tasks NEO cannot yet do on its own, 1X uses remote human operators, who can take control with the owner's permission, both to complete the task and to generate training data. That approach is common in robotics, but it raises privacy questions in a private home that 1X has had to address directly with buyers. Sifted covered the consumer launch and the company's ambitions in Europe and the US (Sifted).

Manufacturing and partnerships

By April 2026 1X had opened a factory in Hayward, California, ramping toward a capacity of about 10,000 robots a year, according to Wikipedia. Bloomberg also reported a partnership with EQT under which up to 10,000 NEO robots could be deployed across EQT's portfolio companies between 2026 and 2030, which would give 1X a commercial channel alongside consumers. The terms and pace of those deployments were not disclosed.

History and founders

Bernt Øivind Børnich founded the company in 2014 in Moss, Norway, as Halodi Robotics. Its first robot, EVE, a wheeled humanoid, was used in security and logistics. The company renamed itself 1X, moved its headquarters to Palo Alto and took investment from the OpenAI Startup Fund in 2023, which raised its profile. It also operates in Norway, where much of its engineering began.

Funding rounds and investors

1X's disclosed rounds include a 2023 Series A2 of about US$23.5 million led by the OpenAI Startup Fund and the January 2024 Series B of US$100 million led by EQT Ventures, with Samsung NEXT and Norwegian investors. Total disclosed funding is roughly US$125 million to US$137 million, depending on the source, before any 2025–2026 raise. A large new round would mark one of the biggest step-ups in robotics.

Competitive landscape

1X competes with humanoid companies including Figure AI, Tesla's Optimus, Apptronik, Agility Robotics, Boston Dynamics and Chinese makers such as Unitree and Galbot, as well as with robot "brain" developers such as Physical Intelligence and Skild AI. Its distinctive choices are the home market, a lightweight, soft design and an early commitment to selling to consumers. See our guide to humanoid robot companies.

Risks

• Capability gap: homes are messy and unpredictable, and robots can still be slow or unreliable at many chores.
• Privacy: remote operation and cameras in the home require trust and strong safeguards.
• Manufacturing: scaling to thousands of robots a year is hard and expensive.
• Price: US$20,000 is affordable only for early adopters.
• Valuation: reported numbers vary from under US$1 billion to around US$19 billion on secondary markets.

Questions for buyers and investors

• How many NEOs have been delivered, and what share of tasks run autonomously?
• How does remote operation work, and what data is stored?
• What are unit costs, and when could margins turn positive?
• Has the reported large funding round closed?

Timeline in brief

• 2014: founded as Halodi Robotics in Norway.
• 2023: renamed 1X; OpenAI Startup Fund invests.
• January 2024: US$100 million Series B led by EQT Ventures.
• September 2025: reported to seek up to US$1 billion at US$10 billion or more.
• October 2025: NEO preorders open at US$20,000.
• April 2026: Hayward factory ramping.

1X at a glance

1X Technologies is a humanoid robot company founded in 2014 in Norway by Bernt Øivind Børnich and headquartered in Palo Alto. It raised a US$100 million Series B led by EQT Ventures in January 2024 at a reported valuation of about US$820 million, after backing from the OpenAI Startup Fund. It sells NEO, a home humanoid priced at US$20,000 or US$499 a month, and was reported in 2025 to be seeking funding at a valuation of at least US$10 billion.

What to watch

Watch for confirmation of new funding, NEO delivery numbers and customer reviews, the share of autonomous versus remote-operated tasks, and deployments through the EQT partnership. Our robotics startups guide compares it with peers.

Takeaways

1X is making the boldest consumer bet in humanoid robotics. If NEO proves useful and safe in real homes, 1X could open a new market; if not, it faces the same high costs as its rivals with a harder customer to satisfy. Treat its valuation as a fast-moving, partly unconfirmed number.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. Wikipedia
2. Techleap
3. StockAnalysis