1X

## Startup Evaluation

Company Name: 1X

Location: Norway

Investors: Type One Ventures, ADT Security Services, Valinor, Alliance Ventures, OpenAI Startup Fund, Sandwater, Skagerak Capital, Tiger Global Management, EQT Ventures, Nistad Group, Samsung NEXT

Industry: Humanoids

COO: Stein Maurice

Funding Round: Series B

Date: January 11, 2024

Funding Amount: $71M

Valuation: $134M

 

1X: A Promising Venture in Norway's Tech Scene

Norway's tech industry has been gaining momentum in recent years, and one company that has caught the attention of investors and industry experts is 1X. With a series B funding round of $134 million, 1X is poised to make a significant impact in the tech world.

Led by COO Stein Maurice, 1X has attracted a diverse range of investors, including Type One Ventures, ADT Security Services, Valinor, Alliance Ventures, OpenAI Startup Fund, Sandwater, Skagerak Capital, Tiger Global Management, EQT Ventures, Nistad Group, and Samsung NEXT. This impressive of backers speaks to the confidence and potential they see in 1X.

What sets 1X apart is their focus on humanoids. While many tech companies are exploring various aspects of artificial intelligence and robotics, 1X has chosen to concentrate on the development of human-like robots. This unique approach has garnered attention not only from investors but also from experts in the field.

The recent series B funding, which raised $134 million, will undoubtedly accelerate 1X's progress. With this injection of capital, they can further refine their humanoid and expand their reach in the market.

The funding round took place on January 11, 2024, marking a significant milestone for 1X. The $134 million raised will enable them to hire talent, invest in research and development, and strengthen their position as a leader in the humanoid robotics industry.

The success of 1X is a testament to Norway's growing tech scene and its ability to attract top-tier investors. With the support of their impressive list of backers, 1X is well-positioned to make a lasting impact in the world of robotics and artificial intelligence.

In conclusion, 1X's recent series B funding round of $134 million solidifies its position as a key player in Norway's tech industry. With their focus on humanoids and the support of notable investors, 1X is poised for success. The future looks promising for this innovative company, and it will be exciting to see what they achieve in the coming years.

Disclaimer: This blog post is based on preliminary information and may be subject to change as more details become available.

 

## Related Products
In the field of artificial intelligence, there are several trends and language that are mentioning. Some notable AI products include:

– GPT-3 (Generative Pre-trained Transformer 3) by OpenAI
by OpenAI
– BERT (Bidirectional Encoder Representations from Transformers) by
– TensorFlow by Google
– PyTorch by Facebook

These AI products have been widely used in various industries and have made significant contributions to the advancement of .

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