1X Raises $100M to Bring Android NEO to Consumer Market

The Norwegian startup aims to address global labor shortages with its humanoid robots.

Norwegian startup 1X has raised $100 million in a Series B funding round, bringing its total funding to $125 million.
The funding will be used to bring 1X's second-generation android, NEO, to the consumer market.
NEO is designed to perform everyday tasks in consumers' homes, addressing global labor shortages.
1X's first android, EVE, is used in factories and businesses for tasks like opening doors and operating keypads.
1X plans to use the funding to hire new talent and ramp up its manufacturing capabilities, aiming to produce hundreds of androids per month.