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COINTURK FINANCE > Business > 1X Acquires Kind Humanoid to Expand Android Development
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1X Acquires Kind Humanoid to Expand Android Development

Overview

  • 1X acquires Kind Humanoid to enhance humanoid robot development and expand capabilities.

  • Both companies aim to create robots suited for domestic, healthcare, and industrial tasks.

  • Recent funding boosts 1X's efforts to bring advanced androids like NEO to market.

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COINTURK FINANCE 5 months ago
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The robotics sector continues to witness notable consolidation as 1X, a humanoid robotics company, has acquired Kind Humanoid. This acquisition, revealed on January 27, emphasizes both companies’ shared vision of advancing humanoid robots capable of integrating into human environments. The move is seen as a strategic step to expedite the development of androids that can address labor shortages and perform various tasks in domestic, healthcare, and industrial contexts. The companies have highlighted the importance of creating robots that “live and learn among us,” aiming for a seamless human-robot collaboration.

Contents
What motivates this acquisition?How does 1X plan to use its recent funding?

What motivates this acquisition?

1X and Kind Humanoid aim to pool their resources and expertise to make humanoid robots more accessible to the public. Bernt Bornich, CEO of 1X, stated that the partnership will “accelerate our path to a world full of humanoid robots.” Meanwhile, Kind Humanoid’s CEO Christoph Kohstall described the collaboration as a pivotal step toward realizing their shared vision. He remarked,

“Together, we can create robots that truly connect with people and make a difference where it matters most.”

This partnership underscores a commitment to practical applications in fields such as healthcare and home assistance, where Kind Humanoid’s bipedal robot Mona has already demonstrated potential.

How does 1X plan to use its recent funding?

1X secured $100 million in Series B funding earlier this month, led by EQT Ventures. The funds will be directed toward enhancing its second-generation android, NEO, a bipedal humanoid designed for household and industrial tasks. NEO builds on the company’s first android, Eve, which operates on wheels and has been used in factories to navigate elevators and operate machinery. Ted Persson from EQT Ventures commented on the broader implications of androids joining the workforce, saying,

“We’re convinced 1X with their NEO androids will play a crucial role in the pioneering steps towards the first forays of our technological and human future.”

Comparably, other robotics firms are also scaling operations. For instance, Sereact recently raised $26 million to expand its AI-driven robotic platforms designed for tasks beyond logistics. Similarly, Serve Robotics secured $86 million to enhance its sidewalk delivery robots. These developments highlight the competitive dynamics in the robotics industry as companies strive to stand out in specialized applications.

The acquisition represents a broader trend within the robotics field, where firms are consolidating expertise to accelerate innovation. 1X and Kind Humanoid’s shared focus on humanoid robots aligns with emerging consumer and industrial demands to address labor gaps. By leveraging both firms’ technological advances, 1X aims to position itself as a leader in developing robots capable of complex, human-like tasks.

For readers following technological advancements in robotics, this merger offers insights into industry strategies to meet growing market demands. The collaboration could potentially influence future developments in humanoid systems, particularly in tasks requiring human-robot interaction. As competition intensifies, such partnerships may serve as benchmarks for innovation and market positioning in the robotics sector.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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