Humanoid robotics startup 1X has told investors and employees it is trying to raise as much as $1 billion, according to three people who spoke to CEO Bernt Øivind. The decade-old company is aiming for a valuation of at least $10 billion, Børnich said, or more than 12 times its previous valuation from a January financing, according to one of the people. The move comes as large firms such as Tesla, Amazon and OpenAI develop their own hardware or software for humanoid robots in homes or factories, and several other humanoid startups raised capital despite little to no revenue. That list includes Figure AI, which this month said it had $1 billion in commitments to invest at a $39 billion valuation.

Full report : Humanoid robotics startup 1X Technologies is seeking to raise up to $1 billion at a $10 billion plus valuation, more than 12x its previous valuation from a January financing.

For more see the OODA Company Profile on 1X Technologies.