# 1X Technologies AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/1x-technologies

- Industry: Hardware
- Headquarters: Moss, Norway
- Website: www.1x.tech
- Total disclosed funding: $133M
- Latest round: Series B (Jan 6, 2024)
- Investors on record: 14

## About

Based in Norway, 1X Technologies AS operates a cutting-edge home robotics company, specializing in the development and deployment of innovative smart home solutions, particularly the NEO Home Robot, aimed at enhancing home management efficiency.1X Technologies AS, founded in 2014 in Moss, Norway, focuses on advanced home robotics. The company has successfully completed 5 deals, with its latest funding round being a Series B raise of EUR 91 million on January 6, 2024, led by EQT Ventures, with participation from Samsung NEXT Ventures and other investors. Bernt Børnich, who has a history of leading tech ventures, serves as the CEO.1X specializes in the development of advanced home robotics, particularly the NEO Home Robot. This innovative device integrates artificial intelligence to facilitate various home management tasks, thus enhancing convenience for users. The NEO Home Robot performs functions like home monitoring, cleaning, and personal assistance, catering primarily to tech-savvy consumers across North America and Europe, where smart home technology adoption is rapidly growing. Released in 2025, the NEO Home Robot addresses the needs of modern households.In 2024, 1X Technologies AS reported a revenue of EUR 553,243.80, with an EBITDA of EUR -30,020,699. The company generates revenue through direct-to-consumer sales and subscription models tied to its products, including premium features and ongoing software updates for the NEO Home Robot.In January 2024, 1X Technologies AS raised EUR 91 million in Series B funding, with plans to utilize the capital to expand the market reach of its second-generation NEO Home Robot. The company aims to introduce new products designed to enhance home automation capabilities and will focus on expanding into additional markets in Europe and North America by 2025, thereby increasing its footprint in the smart home sector.

## Funding rounds

- Series B, Jan 6, 2024, $100M — EQT, Skagerak Capital, Samsung NEXT Ventures, Sandwater, Nistad Limited
- Series A, Mar 23, 2023, $23M — Alliance Venture, Tiger Global Management, Skagerak Capital, Thursday Ventures, Openai Startup Fund Management, Sandwater
- Series A, Apr 6, 2021, $10M — Hatteland Group, Valinor, ADT Commercial, Altopack, Strong Point

## Investors

- Hatteland Group — Series A
- Valinor (https://capitalatlas.ai/funds/valinor) — Series A
- ADT Commercial — Series A
- Altopack — Series A
- Strong Point — Series A
- Alliance Venture (https://capitalatlas.ai/funds/alliance-venture) — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- Skagerak Capital (https://capitalatlas.ai/funds/skagerak-capital) — Series A, Series B
- Thursday Ventures (https://capitalatlas.ai/funds/thursday-ventures) — Series A
- Openai Startup Fund Management (https://capitalatlas.ai/funds/openai-startup-fund-management) — Series A
- Sandwater (https://capitalatlas.ai/funds/sandwater) — Series A, Series B
- EQT (https://capitalatlas.ai/funds/eqt) — Series B
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series B
- Nistad Limited — Series B