LG Electronics takes majority stake in Bear Robotics, reportedly valuing startup at $600M

Quick Summary:

The South Korean electronics company said on Friday that it has agreed to acquire an additional 30% stake in Bear Robotics, a California-based startup it previously backed that is building AI-powered server robots for restaurants.

LG Electronics is betting on robotics as its next big growth driver.

With the robotics industry moving more towards AI-focused solutions, this investment and deal is expected to improve LG’s robotics software capabilities, LG said.

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Article Details

Author / Journalist: Kate Park

Category: Technology

Markets: United StatesJapanSouth Korea

Topics: Bear Robotics Robotics LG Electronics

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 11:56:52 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 736 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 25400384

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