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

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

TechCrunch Industry News · TechCrunch

January 28, 20254m 49s

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Show Notes

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

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