Samsung Invests $181 Million in Rainbow Robotics to Bolster Its Own Robotics Capabilities

Samsung Electronics has announced it will pay approximately $181 million to acquire a 35% stake in South Korea-based robotics firm Rainbow Robotics. This significant investment cements Samsung’s position as the largest shareholder of the company, up from its previous 14.7% stake.

The acquisition is part of Samsung’s strategy to bolster its own robotics department and accelerate the development of humanoid robots. The electronics giant plans to integrate Rainbow Robotics into a subsidiary, with the deal expected to be finalized by February 2025.

In addition to the financial investment, the partnership will also enable Rainbow Robotics to expand its operations overseas, leveraging Samsung’s global reach and resources. This move is seen as a significant step forward for both parties, allowing them to collaborate on cutting-edge robotics technology.

Rainbow Robotics, founded in 2011 by researchers at the Korea Advanced Institute of Science & Technology (KAIST) Center, has developed innovative solutions such as dual-arm mobile manipulators and autonomous mobile robots for applications in manufacturing and logistics. The company currently employs 86 people.

As part of the deal, Dr. Jun-ho Oh, Rainbow Robotics’ founding member and former largest shareholder, will continue to lead a new effort called the Future Robotics Office at Samsung, and serve as an advisor.

The move highlights Samsung’s growing interest in the robotics space, following its announcement last year that robotics, along with AI, 5G, and automotive electronics, would be key areas of focus for the company.

Source: techcrunch.com