Samsung Electronics has decided to become the largest shareholder in Rainbow Robotics to “accelerate future robot development such as humanoid robots”.
Rainbow Robotics is a startup that is developing and building a variety of robots – including collaborative robotic arms, quadruped or dog-like robots, and dual-armed humanoids – for the industrial sector.
Samsung first acquired a 14.7 per cent stake in the South Korean firm in 2023 with investment of KRW 86.8 billion (approximately $59 million), and is now exercising a call option to increase its stake to 35 per cent. Rainbow Robotics will also be incorporated as a subsidiary under Samsung Electronics’ consolidated financial statements.
Through collaboration with Rainbow Robotics, Samsung will further strengthen its foundation in the development of advanced robot technology. [Read more…] about Samsung Electronics becomes largest shareholder in Rainbow Robotics