Samsung announced it recently invested in South Korean robotics firm Rainbow Robotics and increased its stake to 35% in the company. The smartphone maker first invested in the robotics firm in 2023. It plans to strengthen its robotics foundation and develop advanced humanoid robots. In its press release, Samsung Electronics announced that it has increased its stake in Rainbow Robotics to 35%. While the company didn’t reveal the actual investment figures, Reuters claims the investment was around KRW 267 billion (~$181 million). Samsung is now the largest shareholder in the company. With this investment, Samsung plans to improve its robotics development foundation and accelerate the development of advanced humanoid robots. The company intends to synergize Samsung’s AI prowess with Rainbow Robotics’ strength in robotics technologies. Rainbow Robotics was founded in 2011 by researchers from the Korea Advanced Institute of Science & Technology’s (KAIST) Humanoid Robot Research Center. They were the ones who developed South Korea’s first two-legged humanoid robot ‘Hubo.’ It makes humanoid and industrial robots.

Full story : Samsung joins humanoid robots race by increasing its stake in Rainbow Robotics.