Thursday 20 June 2019, 05:22 AM
LG Electronics injects $3mn into US-based robot developer
By IANS | Bharat Defence Kavach | Publish Date: 6/23/2018 5:22:12 PM
LG Electronics injects $3mn into US-based robot developer

Seoul: LG Electronics Inc. has invested $3 million in US-based Bossa Nova Robotics -- marking the first time the company has injected funds into an overseas robot developer.The South Korean tech giant said it is aiming for the investment to bolster its competitiveness in the robot industry which has been cited as one of key growth engines for LG recently."The US company was established in 2005 and provides inventory-management solutions for retailers," Yonhap news agency reported on Friday. 

Bossa Nova Robotics' robots have been supplied to some 50 Walmart supermarket chain operations.The South Korean company has been making various moves in expand its presence in the robotics industry. It showcased guide-navigation robots in places like Incheon International Airport.

LG earlier made investments in South Korean robot-related startups, including SG Robotics, Robotis, Acryl, and Robostar.The company said it will speed up development of new robot solutions utilizing artificial intelligence and self-driving technologies.


LG Electronics,US-based,Bossa,Nova,Robotics


भारत डिफेंस कवच की नई हिन्दी पत्रिका ‘डिफेंस मॉनिटर’ का ताजा अंक ऊपर दर्शाया गया है। इसके पहले दस पन्ने आप मुफ्त देख सकते हैं। पूरी पत्रिका पढ़ने के लिए कुछ राशि का भुगतान करना होता है। पुराने अंक आप पूरी तरह फ्री पढ़ सकते हैं। पत्रिका के अंकों पर क्लिक करें और देखें। -संपादक

Contact Us: 011-66051627, 22233002


Copyright 2018 Bharat Defence Kavach. All Rights Resevered.
Designed by : 4C Plus