1X Technologies vs Siemens
Side-by-side comparison of AI visibility scores, market position, and capabilities
Norwegian-American humanoid robotics company backed by OpenAI; NEO humanoid at $20K pre-order; EQT deal for 10,000 units; raised ~$137M and seeking $1B at $10B valuation;
About
1X Technologies is a Norwegian-American humanoid robotics company developing general-purpose robots for real-world labor applications. Founded with backing from OpenAI, 1X operates at the intersection of AI and physical automation, pursuing the long-term vision of deploying humanoid robots at sufficient scale to address labor shortages across logistics, manufacturing, and services. The company has development offices in Norway and the United States, giving it access to deep robotics research talent and the US commercialization ecosystem.\n\nThe company's flagship product is the NEO humanoid robot, available for pre-order at $20,000 — a price point designed to bring humanoid robots within reach of commercial buyers rather than restricting them to research labs. 1X has signed a deal with EQT for 10,000 NEO units, one of the largest humanoid robot purchase commitments in the industry to date. The NEO is designed for bipedal locomotion in human-built environments, enabling deployment without facility modification. 1X differentiates through its focus on safe, controllable behavior and its close relationship with OpenAI for frontier AI capabilities.\n\n1X Technologies has raised approximately $137 million and is seeking $1 billion in new funding at a $10 billion valuation — a reflection of intense investor interest in humanoid robotics following high-profile moves by Tesla (Optimus), Figure, and Physical Intelligence. The EQT deployment agreement provides real-world validation that commercial customers are ready to commit capital to humanoid robot deployments, a milestone the industry has been anticipating.
€75.9B revenue FY2024 (+3% comparable); Q3 FY2025 €19.4B (+5% comparable); 3-7% comparable growth expected FY2025; automation business recovering Q3; manufacturing automation leader
About
Siemens is a German technology and industrial conglomerate founded in 1847 by Werner von Siemens, one of the oldest and most broadly diversified technology companies in the world. Today the company's focus is concentrated in two high-growth segments: Digital Industries, which provides automation, industrial software, and manufacturing execution systems; and Smart Infrastructure, which delivers grid technology, building automation, and electrification solutions. Siemens' core technology platform, the Siemens Xcelerator open digital business ecosystem, connects hardware, software, and services into an integrated industrial AI and automation layer.\n\nSiemens' product and solutions portfolio spans factory automation (PLCs, drives, robots), simulation and digital twin software (through Siemens EDA and Siemens Opcenter), building management systems, power grid components, and electrification infrastructure. Its industrial software business — including the NX CAD/CAM suite, Teamcenter PLM, and MindSphere industrial IoT platform — serves aerospace, automotive, electronics, and energy companies managing the complexity of modern product development and manufacturing operations.\n\nSiemens generated €75.9B in revenue in FY2024, a 3% increase, and reported €19.4B in Q3 FY2025 revenue, up 5%. The company has positioned itself as a leader in the industrial AI and automation megatrend, investing heavily in AI-augmented manufacturing tools and smart grid technology needed to support the global energy transition. With a $100B+ market capitalization and deep relationships across global industry, Siemens is well positioned to capture the digitization and electrification capex cycle accelerating through the late 2020s.
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