Company · Robotics
1X revenue, valuation & funding
1X, maker of the NEO home robot, is private and hasn't signaled an IPO or disclosed revenue. SoftBank was reported in August 2026 to be in talks to buy a majority stake at about $6 billion, after a confirmed $100 million Series B in January 2024.
At a glance
- Valuation: about $6B in SoftBank's majority-stake talks, reported in August 2026 and not closed. Its last confirmed round, a $100M Series B in January 2024, had no reported valuation.
- Revenue: not disclosed. 1X hasn't published revenue figures.
- Status: private. No stock ticker. Management hasn't signaled an IPO.
- Founded: 2014 in Norway, as Halodi Robotics, by Bernt Øivind Børnich.
- CEO: Bernt Børnich, its founder.
- Investors: EQT Ventures, the OpenAI Startup Fund, Tiger Global, Samsung NEXT and Sandwater, among others.
- Products: NEO, a humanoid robot for the home, sold for $20,000 or $499 a month.
- Headquarters: Palo Alto, California, per its website. Its About page names San Carlos.
- On Real Alpha: 8 moments of its people talking, from 1 interview.
Is 1X public? Can you buy its stock?
No. 1X is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol.
Its management hasn't signaled an IPO, Komo said in June 2026.
SoftBank was reported in August 2026 to be in talks to buy a majority stake instead. Reuters relayed The Information's report, which put the value at about $6 billion. Neither company had confirmed the talks, and terms could change. A completed deal would give Masayoshi Son a controlling interest, Humanoids Daily wrote.
For now its shares are held privately by its investors, including EQT Ventures and the OpenAI Startup Fund. This page reports facts and gives no investment advice.
Valuation, round by round
The value 1X reportedly sought fell from $10 billion or more in September 2025 to about $6 billion in SoftBank's August 2026 talks.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Sep 2025 | $10B | In talks | — | Humanoids Daily |
| Jan 2024 | — | $100M | EQT Ventures | The Robot Report |
| Mar 2023 | — | Unconfirmed | OpenAI Startup Fund | Sacra |
Neither the 2025 raise nor the SoftBank deal has been confirmed closed, and the January 2024 Series B came with no reported valuation. The March 2023 Series A2, priced at $210 million post-money by Contrary Research, appears only on data sites and isn't confirmed.
How 1X makes money
1X sells NEO, its home robot, to households. Early access costs $20,000, or buyers can subscribe for $499 a month, Engadget reported in October 2025.
It builds the robots itself in Hayward, California. In September 2026 Bernt Børnich said a major design change takes about four weeks to reach a new robot on the line.
1X hasn't published revenue figures. Komo says it isn't profitable and is in heavy investment mode.
- Factory capacity. 1X says the Hayward factory can build 10,000 NEOs a year. It plans to reach 100,000+ by the end of 2027. The Manila Times (GlobeNewswire release from 1X)
- Industrial robots. In 2022 it deployed its wheeled EVE humanoid in customers' factories for industrial tasks. 1X website (About)
From 1X's interviews
- 9:12 In-house manufacturing lets 1X iterate in four weeksBernt Børnich · Relentless · Sep 2026
- 0:00 Humanoid production has fewer parts but more deployment varianceBernt Børnich · Relentless · Sep 2026
Products
Bernt Børnich wants one general model that can handle many household tasks. In September 2026 he predicted that robotics will shift toward general models in 2027.
- NEO (pre-orders opened October 28, 2025). A humanoid robot built to do chores at home, scheduled for release in 2026. Engadget
- NEO Gamma (February 21, 2025). An update to NEO with a sleeker design. Wikipedia
- NEO Beta (August 30, 2024). The first version of NEO. Wikipedia
- EVE (2018). Its first humanoid robot, built for logistics, security and medical settings. Wikipedia
- Kind Humanoid. 1X said on January 27, 2025 that it was acquiring this Palo Alto maker of the Mona humanoid. The Robot Report
From 1X's interviews
- 13:19 The best robot design removes complexityBernt Børnich · Relentless · Sep 2026
- 20:13 Social behavior can emerge without task-specific examplesBernt Børnich · Relentless · Sep 2026
- 31:08 General-purpose robots need diverse dataBernt Børnich · Relentless · Sep 2026
- 28:51 Robots should learn the world, not copy human behaviorBernt Børnich · Relentless · Sep 2026
Customers
1X says NEO's first year of production, over 10,000 units, sold out within five days of its October 28, 2025 launch. It gave the figure in an April 2026 release. First customer shipments were planned for 2026.
- EQT and 1X announced in December 2025 a shared intent to roll out up to 10,000 humanoids across EQT's portfolio companies from 2026 to 2030. Each company decides on any deployment. Business Wire (1X press release)
- ADT agreed in March 2022 to take 140 Eve robots from Halodi, as 1X was then called. Contrary Research estimates the contract at roughly 70 million kroner a year. Contrary Research
From 1X's interviews
- 5:43 1X wants one model to generalize across tasksBernt Børnich · Relentless · Sep 2026
Leadership
1X employed more than 200 people at its Hayward factory when it opened in April 2026, the company said. Komo counts 1,049+ employees across the company as of April 2026.
- Bernt Børnich, founder and CEO. A Norwegian roboticist, he started the company in 2014 as Halodi Robotics. 1X website (About)
- Vikram Kothari, VP of Manufacturing & Hardware. He leads the Hayward NEO Factory and spent eight years at SpaceX. The Manila Times (GlobeNewswire release from 1X)
From 1X's interviews
- 16:58 Small engineering teams keep product complexity downBernt Børnich · Relentless · Sep 2026
Who owns 1X?
Investors hold 1X privately, and it doesn't publish who holds what. Sacra estimates it has raised about $136.5 million in total.
- EQT Ventures led the $100 million Series B in January 2024. The Robot Report
- Sandwater raised its stake in a secondary sale during the Series B, with the third-largest contribution. Samsung NEXT, Skagerak Capital and Nistad group also took part. The Robot Report
- OpenAI invested in 2023 through its Startup Fund, alongside Tiger Global and a group of Norway-based investors. Reuters (via Global Banking & Finance Review)
- SoftBank was reported in August 2026 to be in talks to buy a majority stake at about $6 billion. Neither side had confirmed it. Reuters (via Global Banking & Finance Review)
Competitors
The Robot Belt counted at least six serious US humanoid makers in August 2026, with 1X among them. It describes 1X as "Norway-born, US-landed" and says it turned to consumer humanoids in 2022.
- Tesla, with its own humanoid robot. The Robot Belt
- Figure, a US humanoid robot maker. The Robot Belt
- Boston Dynamics, a US humanoid robot maker. The Robot Belt
- Agility Robotics, a US humanoid robot maker. The Robot Belt
- Apptronik, a US humanoid robot maker. The Robot Belt
Timeline and latest news
From its founding to the latest reports, newest first.
- Aug 26, 2026Latest
Reuters relayed a report that SoftBank was in talks to buy a majority stake at about $6 billion. Reuters (via Global Banking & Finance Review) - Apr 30, 2026Latest
Its NEO Factory in Hayward, California began full-scale production. The Manila Times (GlobeNewswire release from 1X) - Dec 11, 2025Latest
Announced a plan with investor EQT to roll out up to 10,000 humanoids across EQT's portfolio companies. Business Wire (1X press release) - Oct 28, 2025
Opened pre-orders for NEO, scheduled for release in 2026. Engadget - Sep 2025
Was reported to be seeking up to $1 billion at a valuation of $10 billion or more. Humanoids Daily - Jul 2025
Moved its global headquarters from Norway to Palo Alto. Sacra - Feb 21, 2025
Introduced NEO Gamma, an update to NEO with a sleeker design. Wikipedia - Jan 27, 2025
Said it was acquiring Kind Humanoid, maker of the Mona humanoid. The Robot Report - Aug 30, 2024
Introduced NEO Beta, the first version of NEO. Wikipedia - Jan 11, 2024
Raised a $100 million Series B led by EQT Ventures. The Robot Report - Mar 2023
Raised $23.5 million in a Series A2 led by the OpenAI Startup Fund, though no primary report confirms it. Sacra - Mar 2022
As Halodi, agreed to deliver 140 Eve robots to ADT. Contrary Research
Questions people ask
Is 1X a public company? Can I buy 1X stock?
No. 1X is private and has no ticker, so its shares aren't sold on any exchange. Management hasn't signaled an IPO.
When will 1X IPO?
It hasn't said. Komo reported in June 2026 that management hasn't signaled an IPO. In August 2026 SoftBank was reported to be in talks to buy a majority stake.
Who owns 1X?
Its investors, including EQT Ventures, the OpenAI Startup Fund, Tiger Global, Sandwater and Samsung NEXT. SoftBank was in talks in August 2026 to buy a majority stake, which hadn't closed.
Who is the CEO of 1X?
Bernt Børnich, who founded the company in 2014. 16:58
Who founded 1X?
Norwegian roboticist Bernt Øivind Børnich, in 2014. It began in Norway as Halodi Robotics.
How much is 1X worth?
About $6 billion in SoftBank's talks to buy a majority stake, as Reuters relayed in August 2026. The deal hadn't closed. In September 2025 it was reported to be seeking $10 billion or more.
How much revenue does 1X make?
1X hasn't disclosed revenue. It says NEO's first year of production, over 10,000 units, sold out within five days of launch.
Is 1X profitable?
No, according to Komo, which says it is in heavy investment mode.
How does 1X make money?
By selling NEO to households, for $20,000 or a $499 monthly subscription, as Engadget reported. It also plans deployments with businesses in EQT's portfolio. 0:00
Who are 1X's customers?
Households that pre-ordered NEO, plus EQT's portfolio companies, which may deploy up to 10,000 humanoids from 2026 to 2030. Earlier, ADT agreed to take 140 Eve robots. 5:43
Where is 1X headquartered?
Palo Alto, California, per its website. It moved its headquarters there from Norway in July 2025.
Who are 1X's competitors?
Tesla, Figure, Boston Dynamics, Agility and Apptronik, the other US humanoid makers The Robot Belt named in August 2026.
Every moment from 1X's people
8 moments from 1 interview on 1 show, newest first. Each one plays from the minute it starts.
Relentless · Sep 18, 2026 · 8 moments
Manufacturing 50,000 Humanoid Robots Next Year | Bernt Børnich, 1X
- 9:12 In-house manufacturing lets 1X iterate in four weeks 3 min
- 13:19 The best robot design removes complexity 4 min
- 31:08 General-purpose robots need diverse data 6 min
- 0:00 Humanoid production has fewer parts but more deployment variance 4 min
- 5:43 1X wants one model to generalize across tasks 4 min
- 16:58 Small engineering teams keep product complexity down 3 min
- 20:13 Social behavior can emerge without task-specific examples 3 min
- 28:51 Robots should learn the world, not copy human behavior 2 min
People on Real Alpha
- Bernt Børnich, Founder & CEO, 1X · 8 moments
Other companies in Robotics
Figure · Physical Intelligence · Bonsai Robotics · Waymo · Skild AI · Unitree · Wayve · Apptronik · Agility Robotics · Generalist AI · Dyna Robotics · The Bot Company
How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 7, 2026