1X Technologies vs Covariant
In-depth comparison — valuation, funding, investors, founders & more
🇳🇴 Norway · Bernt Bornich
Valuation
$10B
Total Funding
$237M
150 employees
🇺🇸 United States · Pieter Abbeel
Valuation
N/A
Total Funding
$222M
100-500 employees
Analyst Summary
Generated from real data · No AI hallucinations
Both 1X Technologies and Covariant compete directly in the AI Robotics space, making this a head-to-head matchup within the same market segment. 1X Technologies is a Norwegian robotics company founded in 2014 that develops humanoid robots designed for physical automation tasks. Covariant builds an AI robotic picking and automation platform that enables warehouse and fulfillment robots to handle the enormous variety of product shapes, sizes, and packaging types encountered in real-world logistics operations.
1X Technologies carries a known valuation of $10B, while Covariant's valuation has not been publicly disclosed. On the funding side, 1X Technologies has raised $237M in total — $15M more than Covariant's $222M.
1X Technologies has 3 years more market experience, having been founded in 2014 compared to Covariant's 2017 founding. In terms of growth stage, 1X Technologies is at Series B while Covariant is at Series C — a meaningful difference for investors evaluating risk and upside.
1X Technologies operates out of 🇳🇴 Norway while Covariant is based in 🇺🇸 United States, giving each a distinct home-market advantage. On Awaira's 0–100 composite score, 1X Technologies leads with a score of 82, reflecting stronger overall fundamentals across valuation, funding, and growth signals.
Metrics Comparison
| Metric | 1X Technologies | Covariant |
|---|---|---|
💰Valuation | $10B | N/A |
📈Total Funding | $237MWINS | $222M |
📅Founded | 2014 | 2017WINS |
🚀Stage | Series B | Series C |
👥Employees | 150 | 100-500 |
🌍Country | Norway | United States |
🏷️Category | AI Robotics | AI Robotics |
⭐Awaira Score | 82WINS | 70 |
Key Differences
Funding gap: 1X Technologies has raised $15M more ($237M vs $222M)
Market experience: 1X Technologies has 3 years more (founded 2014 vs 2017)
Growth stage: 1X Technologies is at Series B vs Covariant at Series C
Team size: 1X Technologies has 150 employees vs Covariant's 100-500
Market base: 🇳🇴 1X Technologies (Norway) vs 🇺🇸 Covariant (United States)
Direct competitors: Both operate in the AI Robotics market segment
Awaira Score: 1X Technologies scores 82/100 vs Covariant's 70/100
Which Should You Choose?
Use these signals to make the right call
Choose 1X Technologies if…
Top Pick- ✓Higher Awaira Score — 82/100 vs 70/100
- ✓More established by valuation ($10B)
- ✓Stronger investor backing — raised $237M
- ✓More market experience — founded in 2014
- ✓Norway-based for regional compliance or proximity
- ✓1X Technologies is a Norwegian robotics company founded in 2014 that develops humanoid robots designed for physical automation tasks
Choose Covariant if…
- ✓United States-based for regional compliance or proximity
- ✓Covariant builds an AI robotic picking and automation platform that enables warehouse and fulfillment robots to handle the enormous variety of product shapes, sizes, and packaging types encountered in real-world logistics operations
Funding History
1X Technologies raised $237M across 3 rounds. Covariant raised $222M across 0 rounds.
1X Technologies
Series B
Jun 2021
Lead: SoftBank Vision Fund 2
Series A
Jan 2020
Series A
Jan 2020
Covariant
No public funding data available.
Investor Comparison
No shared investors detected between these two companies.
Unique to 1X Technologies