Samsung pays $181M to become largest shareholder of Rainbow Robotics

Posted under: Tech Move
Date: 2024-12-31
Samsung Invests $181M in Rainbow Robotics| Justo Global

Samsung Electronics has increased its stake in Rainbow Robotics from 14.7% to 35% for KRW 267 billion ($181 billion), aiming to accelerate humanoid robot development. Rainbow Robotics, founded by KAIST researchers, specializes in mobile manipulators and autonomous robots. Samsung plans to integrate Rainbow as a subsidiary, establish a Future Robotics Office, and expand its robotics initiatives globally.

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