1X Technologies Secures $100M in Series B Funding for AI Robotics Labor Solution

1X Technologies, a pioneering AI robotics company known for its innovative work in creating safe and intelligent humanoids, has successfully secured $100 million in funding to advance its mission of generating an abundant supply of labor. Founded in 2014, this US-Norwegian company operates from dual headquarters in the vibrant tech hub of San Francisco Bay and the scenic landscapes of Norway. With the relentless demand for automation in various industries, 1X Technologies is strategically positioned to offer solutions that blend cutting-edge AI technology with human-like capabilities. The latest funding round will enable the company to accelerate its research and development efforts, enhance product testing, and scale production capabilities to meet the increasing market demand. Enhancements to their existing humanoid robots will focus on improving interaction, safety, and efficiency, allowing businesses to seamlessly integrate this technology into their workforce. The significant financial boost comes at a pivotal time, as industries around the world grapple with labor shortages and the need for more efficient operations. By harnessing state-of-the-art AI and robotics, 1X Technologies is poised to redefine the future of work, alleviating pressure on human labor while simultaneously increasing productivity and safety across sectors. With this new capital, 1X is set to not only advance its technology but also to contribute to economic growth and stability by addressing labor challenges with innovative, intelligent solutions.