1X Technologies, a prominent AI-powered humanoid robot developer, recently acquired Kind Humanoid and announced its target to raise up to $1 billion in funding.
This potential funding boost underscores significant growth ambitions, although it currently bears no direct impact on cryptocurrency markets or digital asset valuations.
1X Targets $1B Post-Kind Humanoid Acquisition
1X Technologies, a leading AI-powered humanoid robot developer, acquired Kind Humanoid and has raised $100 million in Series B funding in January 2024. The company is now targeting additional funding that could reach $1 billion.
CEO Bernt Bornich of 1X Technologies emphasized the union’s potential to hasten humanoid robot integration. “The union of the teams will accelerate our path to a world full of humanoid robots,” said Bernt Bornich. Involved investors include OpenAI and EQT Ventures, contributing to the collaboration and development of next-generation robotics.
Robots Spearhead Sector Enthusiasm Amidst Funding Boom
The industry’s response reflects enthusiasm regarding future applications in security and healthcare. As these robots enter various sectors, the anticipation of market growth is palpable.
Despite significant progress in robotics, the funding rounds have not yet impacted cryptocurrency markets. Observers note the absence of reported liquidity changes or regulatory shifts tied to this sector’s advances.
Continued Crypto-Robotics Funding Separation Observed
Past funding rounds, like Figure AI’s Series C, have shown substantial capital influx without necessarily affecting the crypto sector. 1X’s trajectory appears aligned with this pattern.
Experts suggest that while these developments can transform robotics, the immediate influence on cryptocurrency remains limited. Historical data supports the separation between blockchain assets and humanoid robotics funding.
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