“LG Invests $60M in Bear Robotics: The Fledgling Robot Waiter Company”
LG Electronics may no longer be a household name in smartphones, but it still sees a big future in gadgets like robots.
Today, the company confirmed a $60 million investment in Bear Robotics, the California startup that makes artificial intelligence-powered server robots for restaurants and other venues — autonomous tray towers on wheels that are meant to replace waiters.
With the investment, LG Electronics becomes Bear’s largest shareholder.
We’ve contacted Bear and LG for further comment.
The Korean electronics company has been researching and developing software and hardware in robotics.
