Existing portfolio company 1X today announced it has raised $100m in Series B funding with participation from EQT Ventures and other notable global investors.

Sandwater followed-up previous participation in the company’s Series A funding round and in fact increased its ownership stake through a secondary transaction.

We are excited to continue to support 1X’s growth journey. With this funding secured, 1X is well positioned to capitalize on their market-leading position as the first company with a commercially available humanoid robot. As 1X looks to bring its second-gen robot NEO to market, we see massive potential in 1X’s ability to supplement labor shortages in high-impact sectors, including healthcare, nursing and other key functions.

1X’s funding round has achieved worldwide coverage – links to the company’s press release and media coverage below for reference!