LG Electronics has acquired a 51% majority ownership in Bear Robotics, a California-based startup specializing in AI-powered server robots for restaurants, the company announced on Jan. 24.

Local media estimate the stake’s value at US$180 million, gives Bear Robotics a total valuation of around US$600 million.

This acquisition follows LG’s US$60 million investment in Bear Robotics in March 2024, making it the largest shareholder at that time.

With the new deal, Bear Robotics will now operate as a subsidiary of LG Electronics.

The acquisition is part of LG’s strategy to integrate Bear Robotics’ technology into its “LG CLOi Robots” portfolio, enhancing its presence in commercial, industrial, and home robotics markets.

Financial details of the acquisition remain undisclosed. However, a spokesperson confirmed that the figures would be made public once the deal is finalized.

The acquisition also comes amid increasing competition in the robotics field. LG’s rival Samsung is planning to launch its home robot in the first half of this year.