Covariant vs 1X Technologies
In-depth comparison — valuation, funding, investors, founders & more
🇺🇸 United States · Pieter Abbeel
Valuation
N/A
Total Funding
$222M
100-500 employees
🇳🇴 Norway · Bernt Bornich
Valuation
$10B
Total Funding
$237M
150 employees
Analyst Summary
Generated from real data · No AI hallucinations
Both Covariant and 1X Technologies compete directly in the AI Robotics space, making this a head-to-head matchup within the same market segment. 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 is a Norwegian robotics company founded in 2014 that develops humanoid robots designed for physical automation tasks.
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, Covariant is at Series C while 1X Technologies is at Series B — a meaningful difference for investors evaluating risk and upside.
Covariant operates out of 🇺🇸 United States while 1X Technologies is based in 🇳🇴 Norway, 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 | Covariant | 1X Technologies |
|---|---|---|
💰Valuation | N/A | $10B |
📈Total Funding | $222M | $237MWINS |
📅Founded | 2017WINS | 2014 |
🚀Stage | Series C | Series B |
👥Employees | 100-500 | 150 |
🌍Country | United States | Norway |
🏷️Category | AI Robotics | AI Robotics |
⭐Awaira Score | 70 | 82WINS |
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: Covariant is at Series C vs 1X Technologies at Series B
Team size: Covariant has 100-500 employees vs 1X Technologies's 150
Market base: 🇺🇸 Covariant (United States) vs 🇳🇴 1X Technologies (Norway)
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 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
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
Funding History
Covariant raised $222M across 0 rounds. 1X Technologies raised $237M across 2 rounds.
Covariant
No public funding data available.
1X Technologies
Series B
Jun 2021
Lead: SoftBank Vision Fund 2
Series A
Jan 2020
Investor Comparison
No shared investors detected between these two companies.
Unique to 1X Technologies