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1X Raises $100M for Humanoid Robotics
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1X Raises $100M for Humanoid Robots
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1X, a Norwegian company, has raised $100 million in a Series B round led by EQT Ventures, bringing its total fundraising to $125 million. The company specializes in humanoid robotics and aims to address global labor shortages through its humanoid robot, NEO. The funds will be used for payouts to the team, enhancing Embodied AI offerings, and expanding go-to-market efforts for NEO.
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