LG Electronics Makes Strategic Investment in Bear Robotics to Lead Shift to Software-Defined Robotics
LG Electronics (LG) is taking a bold step towards leading the shift to software-defined robotics with a strategic investment in Bear Robotics, a Silicon Valley-based startup specializing in AI-driven autonomous service robots. The investment of USD 60 million marks LG’s commitment to long-term growth in the service robotics market.
Bear Robotics, founded in 2017 by CEO John Ha, has gained recognition for its AI-powered indoor delivery robots and expertise in platformizing service robotics software. LG’s investment in Bear Robotics is aimed at enhancing synergy in the robot business and propelling efforts in standardizing robot platforms to reduce market-entry costs and foster operational efficiency.
With years of experience in the robot business, LG is well-positioned to leverage Bear Robotics’ R&D talents and software platform expertise to chart a course for future growth in the service robotics market. The investment aligns with LG’s Future Vision 2030, aiming to evolve into a Smart Life Solution Company that seamlessly connects and expands customer experiences across various domains.
The service robotics market is expected to experience rapid growth, and LG’s investment in Bear Robotics underscores its dedication to accelerating the advancement of its service robot sector. As the market evolves, LG aims to develop its robot business into a new growth engine, exploring opportunities through the integration of cutting-edge technologies such as Embodied AI and robotic manipulation.
LG’s strategic investment in Bear Robotics signifies a significant step towards securing a winning competitive edge in the service robot market and underscores the company’s commitment to driving innovation and growth in the robotics industry.
