Bear Robotics lands $60 million in Series C funding from LG Electronics as startup targets emerging markets

Bear Robotics, a specialist in service robotics and artificial intelligence solutions, has announced the completion of a $60 million Series C funding round, exclusively led by LG Electronics.

This will take the company into new territories, targeting emerging markets such as smart warehousing and supply chain automation, where it is poised to unveil its next-generation robotics platform.

This features autonomous navigation systems and adaptive learning algorithms, designed to meet the complex demands of modern supply chains and manufacturing processes.

"Our partnership with LG goes beyond funding; it’s a strategic alliance that boosts our mission to enhance efficiency and productivity in sectors ripe for innovation," says John Ha, CEO at Bear Robotics.

"Capitalising on our success in the hospitality sector, we are now expanding our technology's horizon, customising our solutions to meet the unique demands of smart warehousing and supply chain automation, and setting new benchmarks for what our robots can achieve in diverse environments."

"This investment will help secure a leading competitive edge for LG and Bear Robotics in the service robotics domain," says Lee Sam-soo, Chief Strategy Officer at LG Electronics.

"We are committed to evolving our robot business as a key growth engine, exploring various opportunities through the integration of cutting-edge technologies such as Embodied AI and robotic manipulation."