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

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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. The deal gives LG a majority ownership of © 2024 TechCrunch. All rights reserved. For personal use only.

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