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LG Electronics invests in US-based software firm Apex.AI

LG Electronics has invested in US mobility software startup Apex.AI as part of its series B funding extension. The financial details of this investment were not disclosed.

This marks LG’s first strategic investment in a US-based mobility software company.

Apex.AI, based in Silicon Valley, develops scalable and safety-focused software solutions, including its Apex.Grace framework, which helps carmakers and suppliers transition to software-defined vehicle systems.

The investment follows an MoU signed last year between LG and Apex.AI to develop a next-generation high-performance computer integrating advanced driver assistance and vehicle control technologies.

A prototype is set to debut at Consumer Electronic Show (CES) next year.

Apex.AI said that LG’s investment will support its expansion across industries and regions while advancing software-defined vehicle technology solutions.

Recent LG Electronics developments

Timeline
18-Feb-2025 💼 LG targets $1.5b India IPO
  • LG starts roadshows for its Indian IPO.
  • IPO could raise $1B to $1.5B, valuing LG India at $15B.
25-Jan-2025 🤖 LG acquires US-based AI startup to expand robotic portfolio
  • LG acquires 51% of Bear Robotics for $180M
  • Bear Robotics becomes a subsidiary in LG’s robotics strategy
06-Dec-2024 📈 LG Electronics India signals intent to launch IPO
  • LG Electronics India files for IPO plans.
  • Aims to raise up to $1.5 billion.
03-Dec-2024 💡 Bezos, Samsung invest $700m in AI chip startup Tenstorrent
  • Bezos and Samsung invest $700M in Tenstorrent.
  • Startup aims to offer affordable AI chip designs.

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